Quote:
Originally Posted by Toymeister
More money in the economy (more printed) and no extra goods produced is the definition of inflation.
Shade this as 'supply chain issues' if this makes you feel better. It is inflation. Did you know, in inflation adjusted dollars, the US has spent more on COVID than all costs of WWII?
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We try to understand inflation. When, we bought our previous home about 1974 and tried to decide what to put in as a down payment. I put down what my parents paid for a house roughly twice a large in 1967. Our house, we sold it for 6x what we paid for it.
I have in my garage ONE POUND coffee cans great for screws etc and they are marked ninety-nine cents today that pound of coffee is 11 ounces and it is like four dollars.
Our specie, gold and silver, backed dollar is gone. You dollar is now backed by the full faith and credit of the United States. That too seems to be losing value.
I've asked before. Besides me is anyone wondering who/what knows and compares the cost of each of the available vaccines? For that matter in what country each company pays taxes?