2: choke off energy exploration, refining, and distribution
3: consume an ever-increasing portion of GDP in Washington.
4: PROFIT!!!
Duh. Everything costs more, especially as energy costs are baked into just about everything consumed. 3% inflation still means prices are elevated and increasing, whereas wages are not keeping up.
Cure: The Fed Board of Governors embarks on an aggressive rate hiking campaign. I say this as a former FRBNY economist: They have no idea what they are doing and zero likelihood of success.
Stuff is expensive not because of demand but because of higher input, production, and transportation cost and limited, constrained supply due to supply chain latency. Simple solution: treat the causes.
Encourage energy production and distribution. Grow supply to meet demand, don't crush demand to meet suppressed supply.
Rate-setting by the central bank is simply price fixing (cost of money). Price fixing has worked approximately never, so why should it work now? If you're a hammer, every problem looks like a nail. If you're a Fed Governor, every change in the economy needs a corrective change in interest rates. It's Monetary Policy Gnostic nonsense. Leeches to cure "Consumption."
Amazon Prime day: yup. loaded up on some stuff for the Kayak. Redfish has been en fuego lately in our little stretch of the Redneck Riviera.
Amazon Prime Day at the moment has little relevance to me. At this time I am motoring down to Orlando Florida for the Sons of the American Revolution Congress being held there. Fuel prices are such that I still prefer to fill my tank when it reads about half full even while I am driving. Highest price I saw on the trip was around Brewster NY at about $3.88 a gallon or so. St Clair PA was about $3.44. A station in Virginia off I 81 before I turned off on I 66 towards US Route 17 Southbound was about $3.29. The remainder of my route down mostly is I 95. My route takes me through VA, NC, SC, GA, and finally FL...the current land of De Santis. About more than 750 miles to go from my current overnight point. I hope it's not too pricey. However I don't use pay at the pump but actually go inside the store and use the Point of Sale terminal in there...prevents any skimmers that may be installed at the pump from taking information to steal from you plus controls the actual amount of funds expended for fuel. Also equipped with standard military operating philosophy of having as much self sufficiency as possible while away from home base. Food, water based fluids, and other things. My time in the Army Infantry taught me to always be fully prepared and to expect the unexpected. Google Maps, as well as map and compass, to plot out routes and keep my eyes peeled and my brain as sharp as possible.
For us, it seems like every day is Prime day. Given that I almost never remember what I bought just two days previously, it’s like every day is Christmas.
"Bidenomics" LOLGF, Brandon.
1: flood the economy with free money
2: choke off energy exploration, refining, and distribution
3: consume an ever-increasing portion of GDP in Washington.
4: PROFIT!!!
Duh. Everything costs more, especially as energy costs are baked into just about everything consumed. 3% inflation still means prices are elevated and increasing, whereas wages are not keeping up.
Cure: The Fed Board of Governors embarks on an aggressive rate hiking campaign. I say this as a former FRBNY economist: They have no idea what they are doing and zero likelihood of success.
Stuff is expensive not because of demand but because of higher input, production, and transportation cost and limited, constrained supply due to supply chain latency. Simple solution: treat the causes.
Encourage energy production and distribution. Grow supply to meet demand, don't crush demand to meet suppressed supply.
Rate-setting by the central bank is simply price fixing (cost of money). Price fixing has worked approximately never, so why should it work now? If you're a hammer, every problem looks like a nail. If you're a Fed Governor, every change in the economy needs a corrective change in interest rates. It's Monetary Policy Gnostic nonsense. Leeches to cure "Consumption."
Amazon Prime day: yup. loaded up on some stuff for the Kayak. Redfish has been en fuego lately in our little stretch of the Redneck Riviera.
Amazon Prime Day at the moment has little relevance to me. At this time I am motoring down to Orlando Florida for the Sons of the American Revolution Congress being held there. Fuel prices are such that I still prefer to fill my tank when it reads about half full even while I am driving. Highest price I saw on the trip was around Brewster NY at about $3.88 a gallon or so. St Clair PA was about $3.44. A station in Virginia off I 81 before I turned off on I 66 towards US Route 17 Southbound was about $3.29. The remainder of my route down mostly is I 95. My route takes me through VA, NC, SC, GA, and finally FL...the current land of De Santis. About more than 750 miles to go from my current overnight point. I hope it's not too pricey. However I don't use pay at the pump but actually go inside the store and use the Point of Sale terminal in there...prevents any skimmers that may be installed at the pump from taking information to steal from you plus controls the actual amount of funds expended for fuel. Also equipped with standard military operating philosophy of having as much self sufficiency as possible while away from home base. Food, water based fluids, and other things. My time in the Army Infantry taught me to always be fully prepared and to expect the unexpected. Google Maps, as well as map and compass, to plot out routes and keep my eyes peeled and my brain as sharp as possible.
After seeing your Prime Day purchases, I purchased the Quest Chocolate and PB bars but it was at regular price of approx. $19.46. Thanks.
For us, it seems like every day is Prime day. Given that I almost never remember what I bought just two days previously, it’s like every day is Christmas.