Inflation is caused by government printing money faster than the rise of the quantity of goods and services.
Anyone who tells you anything different…
- it’s the war,
- it’s oil,
- it’s price-gouging,
…is selling something.
Invest two minutes with Milton Friedman for all you need to know about inflation, and its cure.
In case you’re curious whether inflation really trails money supply growth by roughly 18 months, here’s recent money supply trend chart.
2 replies on “Inflation Cause: Printing Money Faster than GDP Growth (Cure: Obvious)”
So that chart leaves no doubt that this is in fact Bidenflation we’re dealing with and … It’s going to get a lot worse before it gets any better.
That first major spike in 1st Qtr 2020 corresponds exactly with the time that Biden not only took power but had time to start pumping money into the economy.
Inflation is an involuntary tax that you did not get a say in. Something needs to be done about better regulating the money supply. Not being an economist I have no idea what that something might be, or what would work best. But if we don’t do something meaningful and forceful any time the Left gets sufficient power it can levy that involuntary tax unopposed, as we have just seen them do.
It appears the Left has discovered a “new” means to perpetrate their schemes regarding the redistribution of wealth and this way they’re darned hard to thwart.
They’re taking money directly out of everyone’s pockets to buy votes with and that doesn’t look like it’s going to work in their favor come this November. Even after the election, the negative impact(s) are going to keep coming. We’re headed for a train wreck and while we can see it coming I’m not at all convinced we can do anything about it.
Sorry, I got to thinking about this after I posted the above and … That first big spike is Trump’s doing. Joe could have taken measures to lessen the impact of that spike and that would have been the right thing to do but …
There’s no doubt that if inflation follows massive currency releases by +/- 18 months then a lot of that is the fault of Donald J. Trump.
He was a good POTUS with overall good policies but he was not a positive personality and he allowed himself to be herded into doing things he should not have done. I’m glad we had him to show us that the country can be massively better than it was before him but his time has passed. He carries too much negative baggage now.