Money has been printed since the beginning of recorded time...why is anyone surprised? The money supply will always grow as population grows.
It's not a surprise. It's just that the magnitude of money printing lately that is alarming along with total US debt. If you look at the US debt gragh, it just took off.
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A nice convertible Bentley will cost a couple hundred thousand. The price of cars is just getting too expensive!!
High end stuffs do cost a lot more money but the issue I raised is that the cost has risen quite a bit lately.
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have you checked used prices lately?
I haven't but maybe it's something I need to look into once my car lease has expired.
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I think the root cause is the FED has been printing money. I mean look at their balance sheet. They got 8 trillion dollars. All that was just trying to artificially inflate the stock market and the housing market but at the expense of inflating the cost of everything else.
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Abstracting stuff up to a couple variables and thinking you can draw a conclusions is idiotic. Like reading an amps rms watts and drawing a conclusion about what it sounds like. .
May be you could educate us a bit? Tell us what we don't know.
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It's all Joe Biden's fault.
Everything adds up. Even before Biden took the office, the FED had been going on a money printing spree. When Biden took office, he did have a bit of a spending spree too (basically just adding more spending after spending).
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What a mess and still years to go until relief!
I am not sure how the FED going to unwind their 8 trillion dollar balance sheet. Is it even possible? What if we going to have a crisis tomorrow, what are they going to do? Just adding more to the existing 8 trillion? This inflationary condition is not going to be "transitory". What if it's here to stay.
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"The Fed" had nothing to do with it.
The majority of wealth of the ultra rich is created through the rise in asset bubbles such as the stock market and the housing market. The FED has a lot to do with it.
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All FIAT currency will eventually fail. The current FED 8 trillion dollar balance sheet may be a start.
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As long as we are willing to fork over the cash, the supplier is willing to raise the price.
Where does that cash come from?
The FED has a way to distribute wealth. Quantitative easing is a way to transfer wealth from the middle class to the ultra rich. That's why they can afford such expensive stuffs.
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what hasn’t gone up and it doesn’t have to be audio related.
Right. Housing cost is another item which has gone up quite a bit.
On the other hand, automobile price has more or less stay reasonably with respect to inflation.
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When the banks need money, they issue bonds. The FED purchase the bonds, but since the FED doesn’t have any cash, they have to print money out of thin air.
I understand there is a need to expand the money supply when the is a growth in population or goods. But lately it's been too much printing.
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The FED doesn't print money.
Yes.
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There are sheep. Their ruler is the FED. 😀
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