Inflation occurs when too much money is chasing too few goods and services. If ten people each want one hamburger, but only five hamburgers are available, the price of each hamburger will increase, because demand exceeds supply. If fifteen hamburgers are available, the price of each hamburger will decrease, because supply exceeds demand.
Inflation is over 9% in the US, the highest rate since the early 1980s. People in nations across the globe are watching their wages, their savings, and their economic stability evaporate as prices for goods and services skyrocket. Titans of business, whose basic needs of living cost a tiny portion of their net worth, are unfazed. Wage earners, retirees, and average citizens from Andorra to Zimbabwe, suffer.
Continue reading “Whip Inflation Now – WIN”
Mark D. Harris for West Virginia 