Separating cause and effect, . . . what most people call “inflation” is an increase in general price levels due to an increase in the money supply beyond economic productivity. But what we have today is NOT “runaway inflation”. Runaway inflation is when you need a wheelbarrow to carry your week’s pay straight to the store before your money devalues. The classic case is post-WWI Germany, but it has happened to many countries throughout history.
That doesn’t mean today’s inflation isn’t pernicious; it just means it takes longer for you to lose the purchasing power of your savings and pensions.
SlackPuter over 1 year ago
Yeah thousands of dollars will vanish in just a few months with just the necessities.However I follow the Malachi 3:8-18 principles and I never lack.
pschearer Premium Member over 1 year ago
Separating cause and effect, . . . what most people call “inflation” is an increase in general price levels due to an increase in the money supply beyond economic productivity. But what we have today is NOT “runaway inflation”. Runaway inflation is when you need a wheelbarrow to carry your week’s pay straight to the store before your money devalues. The classic case is post-WWI Germany, but it has happened to many countries throughout history.
That doesn’t mean today’s inflation isn’t pernicious; it just means it takes longer for you to lose the purchasing power of your savings and pensions.
elbow macaroni over 1 year ago
Inflation is in decline…
PITANO2 over 1 year ago
KINDA LIKE JOE, ONLY NOT AS FAST.
MichiganMitten over 1 year ago
But you don’t have to buy pants, Zig. That helps.
EMGULS79 over 1 year ago
Next time vote REPUBLICAN. Sadly the lessons learned under the Peanut Farmer were not passed on to later generations.
rickmac1937 Premium Member over 1 year ago
Makes 2 of us Ziggy
HOTLOTUS1 over 1 year ago
people on ludes shouldn’t comment. inflation down? where are the men in the white coats?
EnlilEnkiEa over 1 year ago
The United States dollar has dropped 99% in value since 1792. It’s nearly valueless now.
blakerl over 1 year ago
Yep that happened too.
American Beagle Premium Member over 1 year ago
Me too!
Mumblix Premium Member over 1 year ago
If your salary isn’t keeping up with inflation then look for a better paying job.
Nellie Rascal over 1 year ago
They got the price of food up 20% now it levels off so there is no more inflation