No one any longer knows now a market economy works. How a necessary feature is a private sector setting prices process. Without that the market will not function. It cannot be run by governments.
Why that is can be found almost in my book alone:
Also from Mises and Hayek but you have to read them closely.
We are about to bring the market economy to an end and no one will be able to bring it back.
And if the speaker doesn’t say what they want they will distort the message till it seems that it does.
Ah, love, let us be true
To one another! for the world, which seems
To lie before us like a land of dreams,
So various, so beautiful, so new,
Hath really neither joy, nor love, nor light,
Nor certitude, nor peace, nor help for pain;
And we are here as on a darkling plain
Swept with confused alarms of struggle and flight,
Where ignorant armies clash by night.
“Official NOAA temperature stations produce corrupted data due to purposeful placement in man-made hot spots.”
Here’s the full report: https://www.heartland.org/_template-assets/documents/publications/2022_Surface_Station_Report.pdf
I keep looking for someone else to point it out but no one does so I will.
If prices go up unless they fall by the same amount at some stage in the near future, you are forever behind unless your income goes up by the same percent.
Suppose prices go up by 6% and then the inflation rate goes to zero you are forever behind by 6%. Isn’t that clear?
Let me repeat in a slightly different way. If the inflation rate goes to zero you are still that 6% out until your income rises by that same 6%.
Those in government are stealing our wealth and we are apparently too stupid to notice.
No one seems able to distinguish between a level, such as GDP, and a rate, like inflation. We really are a stupid bunch. Even if inflation goes to zero percent we must remain behind.
Promising a return to zero inflation leaves most of us behind.
Higher interest rates make the robbery permanent.
Recessions are supposedly two consecutive quarters of falling GDP. So the US is in a technical recession.
But you can tell a real recession by negative real wages. We have been reducing real wages since the “pandemic” began.
Public spending does not count.
And with inflation through the roof almost everyone will notice,
Personally I think we will continue to have mask mandates because more than half the population remains scared and will continue that way. From Instapundit:
Biden’s symptoms ‘continue to improve significantly,’ says White House physician.
If a 79-year-old man in apparent decline health can recover so quickly while suffering so little, then it’s time for even the worst panic-mongers to admit the emergency is over.
A real leader!
They cut value adding production and increase public spending and then are surprised by inflation. Stupid and ignorant doesn’t cover it.
Law of Markets 