MONETARY INFLATION AND THE AVOCADO PRICE INDEX
Last week I went to Jewel supermarket for groceries. I picked up AN avocado and the price for ONE avocado was $1.99 before tax.
Man, it’s only an avocado. A month ago in May, a gallon of gasoline was around $2.09. Now its $2.39.
A single avocado is price-chasing one gallon of gasoline.
The progressive liberal party government economists sit in their air-conditioned offices or in front of TV-networks cameras and telling us that all is well – the economy is expanding. Money is printed in trillions. Therefore prices can go up.
Get this – when prices go up for any reason – the purchasing power of one dollar goes down.
Read this again.
What does it take to be a voting member of the Board of Governoprs of the Federal Reserve Bank? Get an academic appointment in a university and run a continuous personal public relations campaign.
At that point in their life the – the Fed governors don’t go shopping for groceries and don’t fill their car gas tank. As a result they have no idea that there is a high price inflation in America.
Who are the victims of monetary inflation?
Ordinary folks who are out of work, or retirees on fixed income.
Inflation is a hidden tax on folks with limited income or the poor.
But politicians are not paid to take care of the really poor or the folks on fixed income.
Economists and politicians must be forced to buy their groceries and fill up their own car tanks.
Will it happen? Not really – they pay others to do for them those menial jobs…