You are oh so right on every item! Actually, I should have pointed out my reference to inflation was tied to an earlier post where I said you could really shut down a liberal by saying simply the minimum wage was hiked and now we have inflation. I did not mean to say that inflation was tied, literally, to the hike. Sorry if I wasn’t clear.
Even so, your points are well taken and I thank you for taking the time to provide them. Especially your take on gold.
I am quite concerned these days about our Uncle Sam. I fear he’s not getting the best of care.
Thank you for your kind words. I'm worried too. I have decided to try to post economic common sense in every forum I can. Unfortunately, while conservatives and small-government Republicans tend to be on the right side of most economic issues, I find that many of them don't understand the economics much better than the average Democrat. In order to influence those in the middle, we need to be able to explain what the problem is and why it is causing an economic decline and what needs to be done to right the ship. Otherwise the debate is dominated by those who blame greedy speculators instead of clueless legislators.