Inflation

@nonoise + 5 it is all I can afford.

The printing of money doesn't contribute to inflation. It doesn't work that way. When the government increases currency, it simply buys things like savings (which there are tons of) and puts it into circulation. It's been done that way since, forever. 

Did any of you know that 54% of adults between 16 - 74 years old can't read at a 6th grade level? Save those stories of printing money being the cause of inflation for them.

All the best,
Nonoise

Let's see: Demand-Pull Inflation or Cost-Push Inflation or M*V=P*T  (if you know you know).  Why are we on this topic?

Yes, @noske, the FEDs are top economists in the country and recent inflation cycles don't comply with our daily existence.

But, audio lives on!   Peace, Love and Rock & Roll.  

@socalml528 Yes, @noske, the FEDs are top economists in the country and recent inflation cycles don’t comply with our daily existence.

Bearing in mind that the current Fed head honcho, Jerome Powell, has no formal economics education and was a lawyer by trade. My opinion - he does what he is told to do and say, including the mantra that any inflation was going to be "transitory". Uh huh.

Influential economists to the Fed subscribe to what is known as Modern Monetary Theory. This is bad economics because it is built on some bad assumptions that prudent economists and most normal thinking people do not subscribe to.

So I got some prickles when the words manage, inflation, and the Fed were used in about one short sentence.

I thought I suggested this was perhaps not the appropriate forum? But if its OK with AG mods...

Watching Led Zeppelin 2008. After the gig (its contrived and all, and pretty good if you can forget all that) Robert went to his local bar by himself, got smashed with a few other regulars there and said to himself about the gig "never again".

Bearing in mind that the current Fed head honcho, Jerome Powell, has no formal economics education and was a lawyer by trade. My opinion - he does what he is told to do and say, including the mantra that any inflation was going to be "transitory". Uh huh.

You mean, this guy? Yea, right. When presented with the thought of MMT, he said:

“The idea that deficits don’t matter for countries that can borrow in their own currency I think is just wrong,” the Federal Reserve chairman, Jerome H. Powell, testified before the Senate Banking Committee in February.

Having said that, I wish Janet Yellen was still in charge of the Fed. She was let go by TFG because he thought she was too short and not from central casting.

All the best,
Nonoise