theguardian: "We have a powerful weapon to fight inflation: price controls."

Mic Drop · 2021-12-31T16:51:40+0000

https://www.theguardian.com/business/commentisfree/2021/dec/29/inflation-price-controls-time-we-use-it Price controls, wage controls, rent controls are at the very least the beginnings of a command economy. The Soviet Union also had this idea. They were called Price Czars. Good luck with that.

By Mic Drop
December 31, 2021 in Topics

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Having lived through two periods of "price controls", it forced me to find ways to get around them. .... just remember three words, and you can get almost anything at the price you can afford.

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theguardian: "We have a powerful weapon to fight inflation: price controls."

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In the fall of 1972, President Nixon announced that "the rate of increase of inflation was decreasing". Probably the first time a sitting president used the 3rd derivative to increase the chances of reelection.

Milton Friedman on Inflation as a Tax

German Retailers To Increase Food Prices By 20-50% On Monday

The War in Ukraine could be responsible for a 20%+ increase in food prices this year.

Unless you’re getting a 12% raise every year, you’re not even keeping up with the cost of inflation. Bitcoin fixes this.

Bitcoin is coming to 401(k) plans. An asset engineered to outlast product cycles, corporations, and governments makes sense in a retirement portfolio.

Inflation

According to the inflation calculator the US dollar has lost half it's value since 1990.

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