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US asks Israel for ‘explanation’ of strike on Gaza refugee camp
(news.yahoo.com)
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this post was submitted on 03 Nov 2023
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1947, a candy bar was a nickel. 2023, how many candy bars can you buy for a nickel?
They are learning and not realizing it. Let’s put down the macroeconomic books and go back to preschool and exchange the dollar bill with an Oreo cookie.
Everyone wants your cookie. It’s rare. It’s the only one. You know you can trade your cookie for supplies to feed your entire family. So you keep your cookie clean, free of stench and prepare to trade it.
Only now, 76 years has gone by and someone stole your recipe and made an infinite supply of your exact cookie.
What will your cookie get you now?
Every time the government prints money out of thin air, your saved dollar gets worth less and less. War drum, stimulus packages, infrastructure, all of it. If they “found the money” by writing up a bill to print money instead of sacrificing the public with extra taxes, the dollar was devalued.
That’s why the “haves” ended up with all the money when they invested in non-fiat stuff like housing or invested it in stocks that will grow with inflation.
The “have nots” rented and spent every dollar they made.