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Posts Tagged ‘Inflation’

Economic medicine that was previously meted out by the cupful has recently been dispensed by the barrel.  These once unthinkable dosages will almost certainly bring on unwelcome after-effects.  Their precise nature is anyone’s guess, though one likely consequence is an onslaught of inflation.
    —    Warren Buffett
[Government handouts can get you through a non-market caused depression (like the one recently caused by COVID / relief payments), but without an employment plan which improves the general welfare (like a massive infrastructure bill), only the wealthy will benefit when inflation inevitably begins to roar.  Infrastructure will improve the national resource base (bridges, roads, levies, dams, drainage, parks, beaches, river-fronts, water and waste treatment, trains and airports, etc.), it will also provide medium and long-term employment to re-build our middle class.  The longer the delay in passing a major bill, the less time available for its impact to begin before the next election cycle and the greater the opportunity for the “do-nothing” Republicans to blame the lack of progress on Democrats who wanted more than they could deliver and then failed to deliver anything.  The danger is too little and too late.  With or without jobs, inflation is coming (IMHO).  The question is: who will gain from it and who will suffer for it?    —    KMAB]
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On This Day In:
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2019 Spoiler Alert
2018 Tic-Toc
2017 Explaining Working Class Support For Donald
2016 Not In My Experience
2015 Effort
2014 Honest Wants
2013 Faith, n.
2012 Surprise Me
2011 Confused With Truth

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There are plenty of good five cent cigars in the country.  The trouble is they cost a quarter.
    —    Franklin Pierce Adams
[You’ll know when you’re getting old the first time you say, “I remember when I could buy a … for …”.    —    KMAB]
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On This Day In:
2017 Distant Goal
2016 More Lives
2015 Go Shopping More
2014 Say What?
2013 Accepting Beauty
2012 Transitional Choice To Ride The Wave
2011 Freedom Isn’t Always Perfect
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