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Apparently, you have no degrees in Economics or Finance, as you well demonstrated.
The Interest Rate is ALL...everything you say is Bull twaddle. You have no idea what inflation actual IS, and you have demonstrated this by dozens of posts over the years.
It is nothing more nor less than the speedy increase in consumer prices...NO MORE, NO LESS.
Blathering the same excuses the inflationsits use is nothing more, nor less than BLATHERING.
Apparently, you have no degrees in Economics or Finance, as you well demonstrated.
The Interest Rate is ALL...everything you say is Bull twaddle. You have no idea what inflation actual IS, and you have demonstrated this by dozens of posts over the years.
It is nothing more nor less than the speedy increase in consumer prices...NO MORE, NO LESS.
Blathering the same excuses the inflationsits use is nothing more, nor less than BLATHERING.
Sorry there kefir …you need to go back to basic economics as all inflation is neither the same or dealt with the same.
Many things, but not everything, which is proof Monetary Inflation is not out of control or even having an impact.
The price of many things increasing is proof of Demand-pull Inflation, which the Federal Reserve cannot control or cause or stop.
STUPID-19 has caused some reduced productivity, so Supply levels are low, but with Demand remaining constant or increasing, prices naturally rise. That is not Monetary Inflation, but it is Demand-pull Inflation, which the Federal Reserve did not cause, cannot control and cannot stop.
Fuel prices also have an effect costs relative to transportation/delivery of goods and resources. Again, that is Demand-pull Inflation and not Monetary Inflation.
When Demand-pull Inflation exists, you can:
1) Stop freaking consuming, which reduces Demand and lowers prices; and/or
2) Seek substitutes for those things affected by Demand-pull Inflation; and/or
3) Increase Supply or the Rate of Increase of Supply to match Demand and keep prices from rising further or actually lowering prices.
As everyone can plainly see, the Federal Reserve and rates has nothing to do with any of that. It's all you.
Why would anyone fail to understand that no NYC business can make a profit selling a slice of pizza for $1? That price was in line with the costs for food, labor, and rent from 50 to even 30 years ago, but certainly not now. The costs for food and labor have grown significantly since then, and rents have increased exponentially.
Back in the 1970's/early 80's when I lived in midtown Manhattan, there were not only plenty of pizza parlors selling $1 slices, but also coffee shops/diners selling a breakfast of 2 eggs, toast, potatoes, coffee and a small glass of orange juice for $1. Not only are those NYC breakfast prices long gone, but so are similar prices in small towns throughout America. For example, the cheapest breakfast place in the small NC town in which I currently live charges $4.50 for just 2 eggs with toast and potatoes -- and accepts cash only. My last bill including eggs, potatoes, toast, coffee, juice and a breakfast meat was about $8, plus tax and tip. So, relatively speaking, a small $2 or large $3 slice of pizza in NYC is still a bargain compared to other food options.
I never saw $1 slices during the 70's or 80's. Cheapest food was the two hotdog deal at that dump chain that was all over town. Forgot the name of it. To me $1 slices were a 2000's Midtown thing. At least that is when I first started noticing them. Sold by Indian shop owners made by Mexican workers.
Sorry there kefir …you need to go back to basic economics as all inflation is neither the same or dealt with the same.
Many things, but not everything, which is proof Monetary Inflation is not out of control or even having an impact.
The price of many things increasing is proof of Demand-pull Inflation, which the Federal Reserve cannot control or cause or stop.
STUPID-19 has caused some reduced productivity, so Supply levels are low, but with Demand remaining constant or increasing, prices naturally rise. That is not Monetary Inflation, but it is Demand-pull Inflation, which the Federal Reserve did not cause, cannot control and cannot stop.
Fuel prices also have an effect costs relative to transportation/delivery of goods and resources. Again, that is Demand-pull Inflation and not Monetary Inflation.
When Demand-pull Inflation exists, you can:
1) Stop freaking consuming, which reduces Demand and lowers prices; and/or
2) Seek substitutes for those things affected by Demand-pull Inflation; and/or
3) Increase Supply or the Rate of Increase of Supply to match Demand and keep prices from rising further or actually lowering prices.
As everyone can plainly see, the Federal Reserve and rates has nothing to do with any of that. It's all you.
Ah, yes, how incisive? Prices are going up because PRICES ARE GOING UP. Goodness, what an argument?
Raise interest rates to 4% and watch at what lightning speed inflation is curtailled.
Ah, yes, how incisive? Prices are going up because PRICES ARE GOING UP. Goodness, what an argument?
Raise interest rates to 4% and watch at what lightning speed inflation is curtailled.
No it wont ….it may even raise prices as money is the blood of business…drive up borrowing costs and that will go right in to product pricing.
Wages are not going down , services like doctors , lawyers , accountants are not dropping prices …there is far more to it then raise rates and all goes away .
Pure nonsense my friend.
Unless the fed can produce products, you can’t fix supply and demand issues with rates.
Especially in all the things that are not discretionary that everyone needs
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