Posted on 02/11/2022 7:34:50 AM PST by SeekAndFind
We see no awareness of how inflation builds from the supply chain — that when a producer has higher input costs for raw goods, he needs to pass on his costs to the next guy down the line buying it — the factory, the retailer, the broker — and those guys need to pass that higher cost onto the next guy, the wholesaler, the consumer, and so on. The guy at the end of it, the consumer, is the one who gets burned, since he has no one to pass it on to.
That explains why inflation is all over the place, in everything from gas costs to vegetable costs to used car costs to lumber and paper costs, and consumers are enraged — it's the number-one issue that's tanking Biden in the polls.
Biden is busy targeting individual producers, selected for political purposes, of course — meat-packers, oil companies — for "gouging," as well as individual drug costs (notice that he's not targeting Big Pharma, just the costs), and imagining that that's all it takes to get this monster under control.
He's blaming the supply chain in his sorry interview:
In reality, "inflation is always and everywhere a monetary phenomenon," as Milton Friedman put it. That puts the blame squarely on the Fed, and more specifically, the Fed's capacity for turning on the money presses. Why is the Fed doing that? To pay for Joe Biden's monster spending programs already passed in Congress, on top of the big spending packages passed during the Trump administration, and the monster packages passed during the Obama administration. Biden's programs — at least two or three already — COVID relief, infrastructure, other stuff — require the Fed to print money
(Excerpt) Read more at americanthinker.com ...
He’s a rutabaga. But the moron is surrounded by people who believe that.
If this is their prescription, then it is clear that their objective is to collapse the dollar. And they need to do this for the great reset.
Prepare accordingly.
Unbelievable. I don’t pretend to be an expert but this is not complicated. Giving people free money for goods and services without an expectation of hard work and productivity (making and building things and shipping things that people want), doesn’t work.
It is not complicated.
But the Democrats are in the business of giving out free stuff so that people will vote for them and who cares about the consequences.
already too much money float. Brandon has dementia.
Senile Joe decides nothing.
The Kenyanesian Usurper is still calling the shots.
He learned that from Nancy during the Kenyan’s term. She was saying every dollar the government spends gets multiplied by two and a half times. They went to the Thomas Friedman school of economics.
You can’t beat inflation. You must whip it.
RATS aren’t smart enough to understand the business model of a lemonade stand...
A quick glance at their border policies, economic policies, social policies, crime policies, etc should be enough for any reasonably intelligent person to see what the Fed’s plan is.
Our government has declared war on its people.
joe is the fall guy
everyone is in on it except joe
Mid terms are looking better by the day.
Like throwing an anvil to a drowning man.
You don’t do because you want to help. You do it because you want to speed the process.
Brandon also believes that if he fills his diaper harder, Doc Jill won’t have as much to clean up...
No Liberal on earth comprehends the idea of a ‘man hour’ and they do NOT understand wealth
The want to wreck the economy and the nation so they can build it back the way THEY want it built back . . . for total control to include the economy as a whole and specific business . . . we KNOW they are evil Commies
“The guy at the end of it, the consumer, is the one who gets burned, since he has no one to pass it on to.”
Unfortunately the consumer does but doesn’t realize it. Would you pay ten million dollars for a basic transportation car like a twenty year old vehicle. Of course not. But that’s a two sided sword. You won’t give that much, and they are stuck with it. If they are not being reasonable with the cost and you won’t pay it, who gets screwed more. The consumer has no investment in the car and the seller is stuck with it having to keep it maintenanced, attractive, and protected. And if they raise the price of the car further for those reasons, it will still sit.
All markets are consumer driven. Without any need, there is no sellable product. Same with services. Look how many restaurants closed over the last year plus due to their inability to receive patrons. If the patronage stops, the facility closes.
wy69
When the only tool you have is a mint...
Because the agenda is to destroy our economy. Ignorant sheep will agree.
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