Tariffs and sky high audio prices.

The Federal Reserve was created in 1913. Prior to that, if you can be bothered to look up the facts, there was essentially zero inflation in the US. Pretty sure you will find the word did not even exist, at least not in the monetary sense. Why would it? You cannot inflate a currency when it is minted from solid metal that can only be created by human effort digging it up, refining, coining.

Once the Fed was created what happened? Immediately we had the Roaring Twenties. For the first time we had inflation. Real inflation. The slogan, "What we need is a good ten cent cigar" came about because people wanted a return to the low stable prices that had been the norm prior to the Fed.

It was the banksters loose money policies that created the Roaring Twenties, and the Feds monetary measures that created the Great Depression. Which by the way was a deflation. Two things, inflation and deflation, the US had never really experienced, in peace time, prior to the Fed.

Paul Krugman won a Nobel Prize in Economics, about which it helps to know a couple things. One, its not a Nobel Prize. The so-called nobel prize in economics was established in 1968 by the Riksbank, the central bank of Sweden.

Get it? The banksters hi-jacked the Nobel imprimatur, paid for their own prize, to promote their own interests. Its a crock.

Which explains Paul Krugman being such a load of you know what. Hard to think of a more disgraced excuse of an economist or one who has gotten more things more wrong more widely published.

Aside from that, all the best!

@millercarbon,
In all seriousness, are you on a Kool-Aid IV drip that you pull around on rollers?

The Great Depression was caused by misdirected monetary policies of the Federal Reserve. The "Roaring 20s" were roaring for a reason. The economy was overheated by the Fed's policies. Then they tightened up the money supply too far and the economy crashed.

FDR exacerbated the problem, extending what would have been a normal business cycle downturn with all of his convoluted make-work programs, excessive spending, and the confiscation of gold coin and bullion in 1933. 

 FDR is credited by the left as "getting us out of the great depression." It's become common knowledge despite its falsehood. Nothing could be further than the truth. There were more unemployed at the start of FDR's third term than there was at the beginning of his first term. The unemployment rate actually hit 25%.

The Smoot/Hawley act deepened the depression even further. As stated, what was a normal business cycle turndown, was turned into a major depression of long-standing and major suffering because of government meddling in the private sector where it didn't belong.

Like all wars, including economic ones, the government always comes out more powerful and overreaching than before the war began.

millercarbon ...

Man, you are dead-nutz on with your comments on the money issue. If only the majority of Americans understood the information you posted above, things could really be amazing. 

When I was a kid, I remember magazine ads and Sears catalogs that had all prices posted. That was when prices were extremely stable. You won't see that today unless what you are buying is in the here and now.

This is all audio related as far as prices are concerned. There is a reason that high-end amplifiers are selling for twice the price of my first house, and cables are selling for more than I paid for that brand new 1965 Plymouth hardtop with the 383 ci engine.

Oh, and I don't think I mentioned the brand new VW Bug I bought in 1972 for $1,800. That represented less than two month's pay at the time.  

Frank

nonoise sez ...

@millercarbon,

• "In all seriousness, are you on a Kool-Aid IV drip that you pull around on rollers?"

I suspect, nonoise, that when it comes to economic theory, you are a fellow traveler of Robert Reich. *lol*

Here, have a look:

https://www.youtube.com/watch?v=O_LkMWP2Q2A

PS: Millercarbon ... that was a good five-cent cigar. I know, because I got sick on a few as a kid. They were called Roi-Tan cigars at the time. Here’s a Roi-Tan commercial:

https://www.youtube.com/watch?v=Q0C3Q0XfCYs

Frank

Good one, Frank!

Another clue to what is really causing all this inflation- fiat currency -

Prior to 1964, back when you could buy a gallon of gas for a dime or so, that dime was minted out of silver. Not pure silver, but still. Flash forward to today, gallon of gas more like $3 or 30 times as much. But you can still buy it with a dime. It just has to be one of those pre-1964 dimes. Because of the silver in the dime it has pretty much retained its purchasing power.

I can even recall driving by a gas station advertising ten cents a gallon, and a restaurant selling cheeseburgers for a quarter- in both cases when paid for with pre-1964 coin.

Here’s a nifty quote for anyone still thinks Krugman has a clue:

By 2005 or so it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.
- Paul Krugman

As Bugs Bunny used to say, what a maroon!