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inflation
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Daily Alchemy: a question to think on together
“When prices rise and someone you love is struggling to afford basics, do you trust the official numbers or your own grocery receipt?”
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All this sounds pretty right. And on the other hand, when I read The Economist talking about the usefulness of inflationary monetary policy, it seems pretty reasonable, too. I don’t think The Economist is wrapped up in partisan politics.... wait til people find out that Bitcoin and the 10,000 competing crypto currencies are also "fiat" currencies. this won't necessarily mean intensification of the stampede to gold and silver, but it will cause a sell off in both the crypto exchanges and the S&P 500 land would be the... $10 trillion in Treasury Bills will be refinanced this year. $4 trillion in new government and corporate borrowing. Guess what happens then . . .?
Photo below - the "Joad" family (not their real name) ponder the loss of their home and retirement savings as they take to the family SUV in search of new opportunities.... - onBitcoin is now synthetically created, through options, derivatives, & ETF. Does that mean it’s endless, just like all the US dollars?by
the expansion of US dollar supply (fiat), bitcoin, US treasuries, and corporate debt obligations is a form of inflation. but i'm not advocating deflation.... Raise your hand if you think the Fed should start raising interest rates again.
Photo above - The Federal Reserve Board of governors doesn't HAVE to release the minutes of their past meetings, but occasionally they do so anyway. The good news: Inflation last month dropped to 2.4%, from a high of 11% at the end of the Biden presidency.... Let’s assume 1960 (JFK election) was the last “good year” in the USA. What has actually happened with inflation since?
Photo above - The good old days. Was 1960 the last "normal" year in America? You could get a newspaper for 10 cents. I get 100 spam pieces a day ranting about inflation in America. This is a lot, but I couldn't say how much the spam rate has increased....