The Feds will claim victory many times over inflation just like they are doing now. They will be wrong each time. Inflation is the result of printing too much money at a rate faster than population and productivity growth it’s that simple. The Fed grew money over 19% in 2020 and the over 16% in 2021. In the 1970’s they grew it at 12 % several times and look at what that did. There is no historical data to guide us now. The Federal Reserve and the Treasury Secretary do not even acknowledge that they did this on purpose because they do not understand what they have done. To expect them to correct it is foolish at best. They will lower rates in 2024 to please the overlords in the Democratic Party. Inflation will rear its ugly head. They will blame something else like Russia or China etc. just keep an eye on the year over year growth of M2 or M3 money supply.
"Inflation is the result of printing too much money at a rate faster than population and productivity growth it’s that simple." Exactly. Do they even print M# reports anymore? They are destroying the currency, and it looks like deliberate sabotage to impose their totalitarian electronic social credit replacement -- to "rescue/save" us from the inflation they seeded. Next thing you know they will create a novel disease in a lab and release it so they can "rescue/save" us with some novel, creepy vaccine.
Inflation is impossible to predict unless you are the entity that engineers and orchestrates every single aspect of the INTENTIONAL rise in prices. There’s nothing organic about this bout of inflation. FEDGOV is the only reason. They did this to us on purpose.
I have long advocated for CA to continue drilling for oil. With tough environmental policies, who better to lead the world in creating sustainable extraction? (I have likened getting oil from overseas to insisting on putting a waste pond on a neighbor's property because you don't like the look or smell.) CA continues to ban it and instead pays for older useable cars to be traded for EV cars - nothing more than tailpipe environmentalism. CA is an excellent example of haphazard, arbitrary environmental policies. In LA, we are charged for bags -might be statewide by now - in an attempt to reduce waste. But at the local bagel shop, the poor workers change and put on new plastic gloves with every order. The same is true for every other fast food outlet. But the actual cooks of the food in the back are not wearing gloves. Thank goodness. How would that even work? So it is all for show, but like covid masks still floating around everywhere, there are environmental consequences for such a show.
In addition, now we know those plastic particles and chemicals shedding into food from gloves and packaging are likely more toxic than the microbes our bodies require to bolster our immune system. The more government gets involved, the more things are made worse -- especially when special interests (renewable energy manufacturers? Equity cult combatants?) monkey-wrench the works.
The Feds will claim victory many times over inflation just like they are doing now. They will be wrong each time. Inflation is the result of printing too much money at a rate faster than population and productivity growth it’s that simple. The Fed grew money over 19% in 2020 and the over 16% in 2021. In the 1970’s they grew it at 12 % several times and look at what that did. There is no historical data to guide us now. The Federal Reserve and the Treasury Secretary do not even acknowledge that they did this on purpose because they do not understand what they have done. To expect them to correct it is foolish at best. They will lower rates in 2024 to please the overlords in the Democratic Party. Inflation will rear its ugly head. They will blame something else like Russia or China etc. just keep an eye on the year over year growth of M2 or M3 money supply.
"Inflation is the result of printing too much money at a rate faster than population and productivity growth it’s that simple." Exactly. Do they even print M# reports anymore? They are destroying the currency, and it looks like deliberate sabotage to impose their totalitarian electronic social credit replacement -- to "rescue/save" us from the inflation they seeded. Next thing you know they will create a novel disease in a lab and release it so they can "rescue/save" us with some novel, creepy vaccine.
Inflation is impossible to predict unless you are the entity that engineers and orchestrates every single aspect of the INTENTIONAL rise in prices. There’s nothing organic about this bout of inflation. FEDGOV is the only reason. They did this to us on purpose.
I have long advocated for CA to continue drilling for oil. With tough environmental policies, who better to lead the world in creating sustainable extraction? (I have likened getting oil from overseas to insisting on putting a waste pond on a neighbor's property because you don't like the look or smell.) CA continues to ban it and instead pays for older useable cars to be traded for EV cars - nothing more than tailpipe environmentalism. CA is an excellent example of haphazard, arbitrary environmental policies. In LA, we are charged for bags -might be statewide by now - in an attempt to reduce waste. But at the local bagel shop, the poor workers change and put on new plastic gloves with every order. The same is true for every other fast food outlet. But the actual cooks of the food in the back are not wearing gloves. Thank goodness. How would that even work? So it is all for show, but like covid masks still floating around everywhere, there are environmental consequences for such a show.
In addition, now we know those plastic particles and chemicals shedding into food from gloves and packaging are likely more toxic than the microbes our bodies require to bolster our immune system. The more government gets involved, the more things are made worse -- especially when special interests (renewable energy manufacturers? Equity cult combatants?) monkey-wrench the works.