Supply and demand historically drive prices. Inflation is the result of too many dollars chasing too few goods. Government creates inflation by printing more money out of thin air. The inflation rate by Government is around 2-3% per year, meaning your dollar loses 2-3% buying power every year. That is long term inflation. Short term inflation can be caused by manufacturing cost increases, such as spikes in fuel costs. The Dolt-in-Chief has caused diesel prices to increase by 250% in his illustrious presidential career thus far. Covid lockdowns affected manufacturing of products, which is why there are certain shortages now. Simple advice is "Buy only what you need, and skip the rest." Eventually the manufacturing/delivery/retail process will correct itself.
Irresponsibly printing currency tends to lead to the type of inflation we're currently seeing and the hyperinflation that's likely to come but the 2-3% "regular inflation" has to exist in our current economic system simply because of the Federal Funds Rate and the fact that interest is paid every time currency is borrowed by banks. The whole thing is a ponzi scheme funded by the hardworking masses.
We may never know. But lately, I question everything and trust no one. Cui Bono.
Agreed
Supply and demand historically drive prices. Inflation is the result of too many dollars chasing too few goods. Government creates inflation by printing more money out of thin air. The inflation rate by Government is around 2-3% per year, meaning your dollar loses 2-3% buying power every year. That is long term inflation. Short term inflation can be caused by manufacturing cost increases, such as spikes in fuel costs. The Dolt-in-Chief has caused diesel prices to increase by 250% in his illustrious presidential career thus far. Covid lockdowns affected manufacturing of products, which is why there are certain shortages now. Simple advice is "Buy only what you need, and skip the rest." Eventually the manufacturing/delivery/retail process will correct itself.
Irresponsibly printing currency tends to lead to the type of inflation we're currently seeing and the hyperinflation that's likely to come but the 2-3% "regular inflation" has to exist in our current economic system simply because of the Federal Funds Rate and the fact that interest is paid every time currency is borrowed by banks. The whole thing is a ponzi scheme funded by the hardworking masses.