What decreases the value of our money? If you have been reading my posts you already know that it's an increase in the supply. (Or decrease in demand, unlikely the demand for money will decrease.)
So, what are you going to do about it? Find out what your presidential candidate is going to do about inflation. Let's give tax breaks to those who need them, but does it matter if all of our expenses go up by 7%?
We have to be smarter consumers and voters.
Read the Article: Wholesale Prices Soared Last Year
- Consumer Debt (Credit Cards and Mortgages)
- Government Debt ("the national debt")
- Recirculation of Previously Frozen Money (Like money China has been saving in vaults.)
- Counterfeit Money (very small percent)
So, what are you going to do about it? Find out what your presidential candidate is going to do about inflation. Let's give tax breaks to those who need them, but does it matter if all of our expenses go up by 7%?
We have to be smarter consumers and voters.
Read the Article: Wholesale Prices Soared Last Year
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