Tag: 10% inflation

Via International Man

International Man: Thanks to rampant currency debasement, the price of everything has gone up recently.

As the pain from inflation becomes a normal part of life in places like the US and Canada, there are growing calls for politicians to “do something.”

Recently, Canadian Prime Minister Justin Trudeau threatened to tax grocery stores if they don’t lower their prices, accusing them of causing inflation and profiting from higher prices.

What’s your take on this?

Doug Casey: Trudeau epitomizes, in many ways, all that’s wrong with the kind of people who go into politics. Things are as expensive as they are partly because taxes take 20% or 30% of everybody’s income when they earn it. Then, when they spend it, they pay another 10%, 20%, or even 30% in sales taxes and VATs. Add on the burden of regulations, which add to costs while decreasing the amount of production.

Continue reading “Doug Casey on Governments Scapegoating Businesses for Inflation”

From Brandon Smith

Historically speaking, inflation or stagflation have always been disastrous affairs. One is hard pressed to find any legitimate examples of a country that experienced an aggressive inflationary episode that came out better for it. A rare scenario would be one in which a nation inflates to fund a war that they then win, but usually negative consequences still happen later down the road.

The problem is that the effects of inflation can be subtle and far reaching, quietly creeping up on a population until suddenly there’s a tidal wave of societal crises. In the U.S. (and much of the western world) we are already witnessing elements of inflationary disaster; there’s a good reason why around 60% of Americans now have a pessimistic view of the future. A majority of people say life is worse for them today than it was in the past.

Continue reading “How Bad Is Inflation? You Won’t Like the Answer…”