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Inflation

Zam-Zam

Zam-Zam

Senator
The US is seeing the worst monthly inflation numbers in 40 years

Inflation is at its highest level since President Ronald Reagan was in office, and that's a big political problem for President Biden and the Democratic party.


Complete text: The US is seeing the worst monthly inflation numbers in 40 years : NPR


What the government does, or doesn't do, with regard to inflation remains to be seen. Personally, I wouldn't pin all my hopes on the folks in Washington.

So, with that in mind, here's what you can do for yourself:

Timeless Ways to Protect Yourself From Inflation

Timeless Ways to Protect Yourself From Inflation (investopedia.com)


12+ Ways to Fight Back Against Inflation

12+ Ways to Fight Back Against Inflation (tiphero.com)


Self-reliance beats government reliance any day.
 
Dawg said:
Inflation is so bad leftist are WOKE

Biden Administration Urged by Democrats to Lower Medicare Premium Hike (msn.com)

and it's an election year coming
Click to expand...


"Worst in forty years" would seem to indicate, yes, not good.

There seems to be a lot of happy talk coming out of Washington about how transitory everything is, but that's not of much comfort to seniors living on a fixed income.

One thing about the senior crowd, however, is that they tend to vote. Election time is still a year away, so there's time to right the ship. The question is will it be done?
 
Zam-Zam said:
"Worst in forty years" would seem to indicate, yes, not good.

There seems to be a lot of happy talk coming out of Washington about how transitory everything is, but that's not of much comfort to seniors living on a fixed income.

One thing about the senior crowd, however, is that they tend to vote. Election time is still a year away, so there's time to right the ship. The question is will it be done?
Click to expand...

The happy talk isn't working with taxpayers

The ship is sinking with empty shelves
 
Dawg said:
The happy talk isn't working with taxpayers

The ship is sinking with empty shelves
Click to expand...

I'm sure inflation and what at least appears to be a non-response to it isn't helping Biden's numbers.

America was told that once the previous administration was gone everything would be a lot better. Well, the previous administration is gone, and the state of the nation seems to be worse.

That will not make most voters happy.
 
Follow-Up - Unfortunately, no relief in sight:

Wholesale prices shoot up again and show U.S. inflation still getting worse

Producer price index rises 9.6% in November year

The numbers: Wholesale prices rose rapidly in November and signaled that U.S. inflation is likely to remain high well into 2022.

The producer price index climbed 0.8% last month, the government said Tuesday, easily exceeding Wall Street expectations. Economists polled by The Wall Street Journal had forecast a 0.5% advance.

The increase in wholesale prices in the past 12 months rose to 9.6% from 8.8%, marking the biggest advance since a major change in the index in 2009.
Wholesale inflation is likely rising at the fastest pace in 40 years but the index was recalculated in 2014 using different methodology.


Complete text: Wholesale prices shoot up again and show U.S. inflation still getting worse - MarketWatch
 
A program to get working people relief from inflation:

A higher minimum wage (this means price inflation in nominal dollars, but if wages in general go up MORE than prices of commodities, it means relief from inflation for the general public)
Automatic cost of living adjustments to wages
Abolition of property taxes, sales taxes, and tariffs
 
EatTheRich said:
A program to get working people relief from inflation:

A higher minimum wage (this means price inflation in nominal dollars, but if wages in general go up MORE than prices of commodities, it means relief from inflation for the general public)
Automatic cost of living adjustments to wages
Abolition of property taxes, sales taxes, and tariffs
Click to expand...

When wages go up
So will cost of goods

Non workers don't give a damn
they live off workers taxes
 
Dawg said:
When wages go up
So will cost of goods

Non workers don't give a damn
they live off workers taxes
Click to expand...

The price of goods will go up one way or another. The question is whether wages will go up at the same time.

By "non workers" you mean children, full-time parents, the disabled, and the laid off, right?
 
EatTheRich said:
The price of goods will go up one way or another. The question is whether wages will go up at the same time.

By "non workers" you mean children, full-time parents, the disabled, and the laid off, right?
Click to expand...
Advocacy of wage inflation as tactic to combat cost of goods & services inflation = economic illiteracy. Period. End of story.
 
Dawg said:
Opinion | The Left’s Excuses for Inflation Are Getting More Absurd (msn.com)
Negative, I mean people able to work but don't and on Unemployment/Food Stamps

full time parents with 4 kids getting $2000 a month FREE
Click to expand...
You have to work to get food stamps. Getting unemployment is not only humiliating but requires more hours of your time jumping through all the hoops than a full-time job, which is why no one does it unless there is no work available for them. Unemployment isn’t paid by taxpayers, it is paid by those who receive it through the premiums taken out of their paychecks while working. Parenting is crucial labor and in any case food stamps and other entitlements aren’t “free,” they’re part of the social compensation for the working class’s labor.
 
RickWA said:
Advocacy of wage inflation as tactic to combat cost of goods & services inflation = economic illiteracy. Period. End of story.
Click to expand...
Why? If wages rise more than the cost of goods and services, then workers end up better off, no? And at some point goods and services won’t be able to keep up due to inelasticity in the money supply.

If you are concerned about those on fixed incomes, as you should be, we can have automatic COLAs for pensions and entitlements as well.
 
EatTheRich said:
You have to work to get food stamps. Getting unemployment is not only humiliating but requires more hours of your time jumping through all the hoops than a full-time job, which is why no one does it unless there is no work available for them. Unemployment isn’t paid by taxpayers, it is paid by those who receive it through the premiums taken out of their paychecks while working. Parenting is crucial labor and in any case food stamps and other entitlements aren’t “free,” they’re part of the social compensation for the working class’s labor.
Click to expand...

I know people on food stamps that don't work and presently there's 11,000,000 job openings so 86 there's no work available and you know nothing of being a Parent

BTW: Food Stamps are actually paid for through the Farm Bill and there is no deduction from paychecks for them
 
EatTheRich said:
Why? If wages rise more than the cost of goods and services, then workers end up better off, no? And at some point goods and services won’t be able to keep up due to inelasticity in the money supply.

If you are concerned about those on fixed incomes, as you should be, we can have automatic COLAs for pensions and entitlements as well.
Click to expand...
Cost to serve directly impact cost of goods and services. They are not untethered. You cannot change one side of an equation without impacting the other side.
 
RickWA said:
Cost to serve directly impact cost of goods and services. They are not untethered. You cannot change one side of an equation without impacting the other side.
Click to expand...
Which I acknowledged in my original post. But they are not directly proportional due to inelasticity of the price mechanism and external labor costs.
 
EatTheRich said:
Which I acknowledged in my original post. But they are not directly proportional due to inelasticity of the price mechanism and external labor costs.
Click to expand...
They necessarily impact one another. You cannot combat increase in costs by increasing costs. There is no rhetorical device you can deploy that overcomes this fact.
 
Dawg said:
I know people on food stamps that don't work and presently there's 11,000,000 job openings so 86 there's no work available and you know nothing of being a Parent

BTW: Food Stamps are actually paid for through the Farm Bill and there is no deduction from paychecks for them
Click to expand...
11 million job openings, 6.9 million unemployed … not even 2 jobs for every unemployed person, and they aren’t all in someone’s hometown. My roommate just spent 3 weeks looking for a job before getting one.

How are they eligible for food stamps if not working?
 
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