Inflation

From a previous post

Economists generally agree that high rates of inflation and hyperinflation are caused by an excessive growth of the money supply.

Views on which factors determine low to moderate rates of inflation are more varied. Low or moderate inflation may be attributed to fluctuations in real demand for goods and services, or changes in available supplies such as during scarcities, as well as to growth in the money supply.

However, the consensus view is that a long sustained period of inflation is caused by money supply growing faster than the rate of economic growth.

………………………………with the Fed having an open window in their printing press vault and when banks reduce their reserves, we will be faced with…………..

Prices of goods and services are rising. Inflation is here because we know it every time we go to the store. A home builder just raised prices!

Regardless of the election outcome in November, we haven’t seen the second shoe come down! We have to vote in November – let our voice be heard. One candidate will stem the tide while the other candidate will ride the wave. Pray for the best and plan for the worst – yet to come! I am not being pessimistic but realistic.