“It is not the poverty of individuals and the community, not indebtedness to foreign nations, not the unfavourableness of the conditions of production, that force up the rate of exchange, but inflation.” – Ludwig von Mises
The Editors’ Quote of the Day:
In my limited experience inflation is measured as apparent price increases in things we need to maintain our current standard of living.
What is not always apparent to all is the repackaging of goods, 2 mouse traps for 2.00 when I used to get 4 mouse traps 3.00. I know, I need a cat!
Taxes, service fees, equipment maintenance costs that stack onto utility bills. When the bill goes up, review the itemized bill.
This is where the JWR invest in tangibles method really kicks into high gear.
Right now firearms and ammo are plentiful and inexpensive.
Food storage is still reasonable especially if you shop the sales.
Thank God the price of eternal life has not increased in 2000 years.
Romans 10:9-10 Ephesians 2:8-9
Lee
You are right about that mouse trap thing. Always watch for quantity change. Remember the 32oz coffee can that is now 22.4oz and higher price? They can be scrupulous in the labeling also. Here is an example. I will not name the manufacturer or the type of seasoning I am talking about but it used to be 14.5oz. The new container is 11.62oz (same price) and the container is only slightly smaller which you would not notice unless you had a stock of old and new. The real kicker is the misleading label on the new container that says in big letters “3X MORE” and then in small print “than our 3.4oz size”.
It’s not the increase in prices but the falling purchasing power of the currency. 93% drop since 1913 and the private control of our fiat.
You are exactly right. I don’t recall exactly who made the statement way back when whether it was a Carnegie, a Rothschild, or some other PTB but to paraphrase they said “You can elect anyone you want to be president but those who controlling the money run the country”. Just think about that. It is so true.
In my garden, the price of kale, squash, and beans has remained constant. Add compost to the soil, remove weeds, mulch wisely, water copiously, harvest and eat joyfully.
I will admit to seeing some inflation in the size of squash in very well composted garden beds.
Carry on.