Inflation

The word of the day

The word of the day is… inflation?

U.S. inflation is at a 40 year high. What is inflation? If you have been around the liberty world for even a little while you should know of the basic concept of the biggest hidden tax that happens right under our noses. Simply put, it’s when the Federal Reserve’s money printer goes brrrrrrrrrr and the money in your pocket has less and less value. Yes, there are other causes but this is the most important. Here is a Mises Institute article on inflation from 2002 if you want to dive deeper.

Defining Inflation | Mises Institute

While the powers that be argue that it’s no big deal, even the occasional grocery shopper can see otherwise. They think normies are too dumb to notice inflation. When confronted with rising prices the cathedral even goes so far as to deflect blame and place it on price gouging.

Being Libertarian @beinlibertarian

Yeah, Big Meat is pounding us hard.

Townhall.com @townhallcom

Jen Psaki blames increases in meat prices on "the greed of meat conglomerates." https://t.co/NlSXwIcUTP

So what will make it worse? Government spending. The fact is though, we are going in the exact opposite direction.  Democrats want to borrow yet another 2.5 trillion dollars.

Republicans don’t get to say much about it though even though they will. Trump increased federal spending by 42% during his term. Not exactly the best way to MAGA.

Here’s an article from beinglibertarian.com to explain more about spending’s role in inflation.

Big Government Spending Will Make Inflation Worse - Being Libertarian

The US isn’t the only place feeling inflation.

https://www.wsj.com/articles/u-k-inflation-accelerates-at-fastest-pace-in-a-decade-11639560051

Despite being the biggest cause of inflation, the Fed only knows how to do one thing, fail at central planning. Yet, they are doing more of the same.

With inflation running hot, the Fed is expected to dole out some cold water : NPR

A new ABC poll shows nearly 70% of Americans disapprove of Biden’s handling of inflation. Doing the same thing over and over again expecting different results is insanity. And we are in the Asylum.

No wonder Ron Paul wrote a book called “End the Fed.” There has been no greater time to end the Creature from Jekyll Island.