The Conservative Cave
Current Events => Economics => Topic started by: Ptarmigan on June 21, 2021, 09:47:29 PM
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Here’s Why Price Inflation Could Remain Elevated for Several Years
https://fee.org/articles/here-s-why-price-inflation-could-remain-elevated-for-several-years/
Over the last year, consumer prices have increased roughly 5 percent, the biggest increase in 13 years. Driven in large part by the federal government’s reckless money-printing, such steep price increases will cut Americans’ paychecks and erode their savings. Now, in a concerning twist, we just got reason to believe that elevated levels of price inflation could persist over the next several years.
A new survey by the Federal Reserve Bank of New York measured inflation expectations—what consumers expect will happen—and found that many are anticipating more price increases to come. The latest figures reveal consumers expect prices to rise 4 percent over the next year, with median expectations coming in at 3.6 percent for the next several years.
Of course, these are just peoples’ expectations about the future. They are by no means guaranteed to come to fruition. However, price inflation often causes a harmful spiral and self-fulfilling prophecy that ultimately leads to more price inflation.
Inflation could be hear for several years.
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Let's ignore the effect that rising gas prices had on the cost of everything. Let's ignore the fact that gas prices started rising when Xiden cancelled the Keystone pipeline.
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Inflation is going to continue. This week will be UGE. If the Republicans live up to their MSM reputation as "the party of NO" and force the Democrats to shut down the government that they control it will be moderate but still damaging. If they fold, the sky's the limit.
Even WITHOUT their proposed trillion dollar spending bills the CBO says we are on track for trillion dollar deficits for the next 10 years. They have to come up with a plan to cover this FIRST before even considering additional drunken sailor spending.
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Even WITHOUT their proposed trillion dollar spending bills the CBO says we are on track for trillion dollar deficits for the next 10 years. They have to come up with a plan to cover this FIRST before even considering additional drunken sailor spending.
As the son of a former drunken sailor, I resent the comparison between Congress-shits and drunken sailors. No drunken sailor would continue the spending spree once their own money was spent.
:cheersmate:
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Inflation is going to continue. This week will be UGE. If the Republicans live up to their MSM reputation as "the party of NO" and force the Democrats to shut down the government that they control it will be moderate but still damaging. If they fold, the sky's the limit.
Even WITHOUT their proposed trillion dollar spending bills the CBO says we are on track for trillion dollar deficits for the next 10 years. They have to come up with a plan to cover this FIRST before even considering additional drunken sailor spending.
And the leftist-generated inflation is THE most regressive tax of all.