We absolutely have inflation. Inflation caused by 50% of the US dollar being printed in one year. The rest of the price increases are due to government shutting down manufacturing and processing plants plus holding up ports due to "safety".
ALL of this is artificial and created by government.
The practice of hoarding of money in turbulent times led Keynes to develop his theory that government needed to step into the economy and engage in deficit spending during recessions. This concept was eventually perverted into the practice of continually engaging in deficit spending.
If, the money being created was ending up in the hands of consumers who immediately spent it, and, if retailer profits were relatively stable, then we would have a certifiable case of inflation, not price gouging.
Just complete speculation on my part, a significant amount of the money created in the last year is being hoarded by the rich, large woke companies, and our government. It is not ending up in the hands of the 99% and it is not creating the phenomenon of too much money chasing too few goods. Otherwise, the scarcity narrative would be unnecessary.
This is manufactured so people don’t pay attention to where the money is actually going. Again, that is intuition and speculation.
Keynes is full of shit. His economics doesn't work in the real world. Austrian economics does. I took economics in college and quit going to class after a month or so, because, as young as I was, I could see that the book was heading into fantasyland.
That's why every time, really every single time, you hear economic news on TV, it's always better or worse than the economists expected. They have never once in my 50+ years of seeing the news gotten anything right.
I agree. My personal belief is he just cooked up a way to tilt power to government. I mentioned him just to make the point money that is hoarded is not creating demand or contributing to inflation.
Anyone with brains is not hoarding nearly worthless paper money. The banks don't even want big cash deposits now. Most of the wealthy don't have large cash positions. They want their money to work for them.
My cash is invested in canned goods, frozen meat, etc.
We absolutely have inflation. Inflation caused by 50% of the US dollar being printed in one year. The rest of the price increases are due to government shutting down manufacturing and processing plants plus holding up ports due to "safety".
ALL of this is artificial and created by government.
The practice of hoarding of money in turbulent times led Keynes to develop his theory that government needed to step into the economy and engage in deficit spending during recessions. This concept was eventually perverted into the practice of continually engaging in deficit spending.
If, the money being created was ending up in the hands of consumers who immediately spent it, and, if retailer profits were relatively stable, then we would have a certifiable case of inflation, not price gouging.
Just complete speculation on my part, a significant amount of the money created in the last year is being hoarded by the rich, large woke companies, and our government. It is not ending up in the hands of the 99% and it is not creating the phenomenon of too much money chasing too few goods. Otherwise, the scarcity narrative would be unnecessary.
This is manufactured so people don’t pay attention to where the money is actually going. Again, that is intuition and speculation.
Keynes is full of shit. His economics doesn't work in the real world. Austrian economics does. I took economics in college and quit going to class after a month or so, because, as young as I was, I could see that the book was heading into fantasyland.
That's why every time, really every single time, you hear economic news on TV, it's always better or worse than the economists expected. They have never once in my 50+ years of seeing the news gotten anything right.
I agree. My personal belief is he just cooked up a way to tilt power to government. I mentioned him just to make the point money that is hoarded is not creating demand or contributing to inflation.
Anyone with brains is not hoarding nearly worthless paper money. The banks don't even want big cash deposits now. Most of the wealthy don't have large cash positions. They want their money to work for them.
My cash is invested in canned goods, frozen meat, etc.