Why the cost increase?

They call it QE, quantitative easing, to obscure the fact they are printing trillions of dollars from nothing. No one understands money (I do, no one else here, that's for sure) so no one understands that it is counterfeit currency not even really money. But they are duped into thinking real money like bitcoin and gold are not. Hardly anyone even understands enough Econ 101 to know that any time you increase the supply of a good you decrease its value.

Of course it costs more dollars to buy stuff. They are worth so much less. Just the way it goes

Relax stereo5, it wasn't the forum police. It was my post, and I removed it. Pauly and thecarpathian were going at it and it reminded me of something and so I posted https://memegenerator.net/instance/81681918/henry-kissinger-its-a-shame-they-both-cant-lose  

But then I remembered George Bernard Shaw's advice https://www.facebook.com/simontempler22/photos/never-wrestle-with-a-pig-you-both-get-dirty-and-the-p...

And some wonder why there are people I refuse to acknowledge with a response no matter what they do. Maybe now a few may begin to see the wisdom of this?   

Science? In Australia last week a health minister read off the following shocking statistic as if it didn’t matter: 140 out of 141 patients hospitalized had been fully vaccinated. 5 out of 4 in ICU were fully vaccinated. CDC documents show 35k cases a week among fully vaccinated. Blood analysis shows the vaccine does not stay intramuscular (as other vaccines do) but immediately starts rising in blood, reaching alarmingly high levels in the ovaries. (The chart is eye-popping.) The CDC has finally admitted it causes myocarditis in pediatric patients. Pediatric means under 18 by the way. Myocarditis in this population is rare. So it shows up easily, and became so obvious the CDC was finally forced to admit it. No scientific reason to think myocarditis is not also happening in older patients, just hasn’t been studied scientifically.

More science? ALL viruses become LESS lethal over time. Simply put viruses, in order to survive, require a host. Kill the host and you kill your reproduction. That simple.

That is the science. I could go on. Why bother? No one interested in actual science. Only like to use the word, never the thing itself.

Case in point, key features of the scientific approach are logic, reason, methodology. The subject of this thread was inflation. From price inflation it has veered off into viruses. Without hardly anyone along the way seriously addressing the actual, you know, subject. Like I said, love to use the word. Really wish more would Just Do It instead.

Some wiseacre remembers 2008, everyone thinks he's some kind of sage. Get some perspective people. Please. https://youtu.be/LtFyP0qy9XU?t=77

Be patient; Covid

Right. This is why the price of a bushel of corn was flat for over 200 years from 1650 well into the 1800's, but has climbed inexorably higher ever since 1913, and in particular since 1971.  

The Federal Reserve and the income tax were both created in 1913. Nixon took the US off the gold standard in 1971.  

Be patient; Covid. Hilarious.

Millercarbon ... You are one of the very few people I've met who understands the money issue.

Frank

Thanks. Unfortunately we now apparently live in a world where even indisputable facts are deemed too controversial for publication. The first post explained rising prices and was removed. Why?

They call it QE, quantitative easing, to obscure the fact they are printing trillions of dollars from nothing. No one studies this, so no one understands that it is counterfeit currency not even really money. But they are duped into thinking real money like bitcoin and gold are not. Hardly anyone even understands enough Econ 101 to know that any time you increase the supply of a good you decrease its value.

Of course it costs more dollars to buy stuff. They are worth so much less. Just the way it goes

Rising prices do not all rise uniformly nor smoothly across the board. This confuses people, but it makes perfect sense. Some things and some people like to buy on sale. Others like to buy when they see the price going up. Lots only buy after prices have been going up and up and up a long time. 

This happens with all kinds of things. This tendency can be exaggerated by the way things are priced.

Lumber and oil for example are priced on commodities exchanges where traders buy and sell contracts for future delivery. When they see a surge in building permits they predict a surge in lumber demand and bid up futures contract prices. 

This all sounds rather academic and out of touch, and it would be, except that people closer to the end user see this and react. I saw a YT video where a builder bought all the lumber he would need for a house he was building. Because he had to honor his bid, and with rising prices the only way is to buy it all now. So all that lumber came off the market, months before it was needed, exacerbating the price squeeze.

This is one example but this same thing ripples across the entire economy. The volatility is not all one direction either. The futures contracts on crude oil were so messed up that at one point crude was trading for negative dollars. That's right, you had to pay to get rid of your crude. Well there was a glut, to the point there was nowhere even to store it, and when you are paying $150k/day to keep a supertanker at anchor just to store your oil that's the way it goes.

What gets me is every single one of these things I just mentioned is absolutely true and verfiable. If it makes anyone uncomfortable to read the truth here's one last bit of advice: stop reading my posts.  https://youtu.be/9FnO3igOkOk?t=44