Whew, that's deep, Mr. Dewilson58!
Funny, though, in that entire essay you never once touched on the number of dollars in circulation. In fact, you sounded exactly like those guys on the TV in the Carter years with all their theories about where inflation comes from.
A few of us who are old enough to remember, might not have understood those complicated theories, but we noticed one thing -- when Reagan said he was going to quit printing money, and either allowed or ordered his Fed Chair, Paul Volcker to actually do it -- inflation ceased.
Cause and effect.
If fact, if you read the history of inflation, it's always the same -- too much money, the money is worth less. You can study the Dutch tulip inflation -- too many tulips. You can study the Spanish Conquest inflation -- too much gold from the New World. You can study the Weimar Republic inflation (which my father-in law experienced first-hand in Germany) -- to many Marks being pushed around in wheelbarrows to buy a loaf of bread. It's always the same:
Inflation always and everywhere is the result of creating too much money -- exactly like Milton Friedman was screaming from the roof tops in the 70's!
According to UScurrency.gov, there was a grand total of 2 trillion dollars of physical currency in circulation at the beginning of 2020.
Your government, which ordinarily spends a couple of trillion a year all by itself, just dumped 4.5 trillion dollars on the economy to pay working young people to hide from a manufactured disease that only kills old people. AND THEY'RE STILL DOING IT!
You don't need an economics degree to figure out why inflation is out of control and people are buying up all the hard assets -- like Villages Real Estate -- that they can get their hands on. You just need to open your eyes.
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