Inflation pandemic? (government, income, security, work)

[engineman]

I feel for those out of work, but I greatly fear a pandemic of inflation.

Those of us on fixed income will likely see inflation diminish the buying power of our Social Security and savings. When it is all over we will have a lower standard of living.

I flinch whenever (often) a pol demands another give away.

This would be a rerun of the Carter years. That was when mortgage rates were 18%.

[mkpunk]

Originally Posted by engineman

I feel for those out of work, but I greatly fear a pandemic of inflation.

Those of us on fixed income will likely see inflation diminish the buying power of our Social Security and savings. When it is all over we will have a lower standard of living.

I flinch whenever (often) a pol demands another give away.

This would be a rerun of the Carter years. That was when mortgage rates were 18%.

It is an entirely justified fear. The problem I see is that the inflation is what is needed due to how we had to shutdown whether it was government mandated or the free market. I cite free market as movie theaters were beat by a single movie in the same two weekends prior to being shutdown this year.