you're just jealous you didn't think of pie as a political solution.

cream pie. dream pie.

cherry pie. berry pie.

peach pie. quiche pie.

meat pie. sheet pie.

pot pie.

got pie?

get edible.

Or is it wife? Out here in California we don't presume...

Shout out to Kick, my BFF lost both his parents to pancreatic cancer.

May you handle the situation with the same love and compassion that is required. I'm thinking about you & ur hubby(?)

well yeah, it's somewhere. but not having much impact on the domestic cpi. in a global economy money just doesn't move that fast.

The rich "saving up their money" doesn't usually consist of hiding it in their mattress. Even money deposited offshore or wherever is usually invested in some economy somewhere

When it comes to Economics, the "conventional wisdom" is often wrong.

Gov't spending doesn't depreciate the currency (aka price inflation) when it's financed by taxation or by borrowing from individuals or foreign govt's, only when it's financed by raising the ratio of money in circulation to goods and services in the marketplace (aka currency inflation).

poet

It's true that the inevitable price inflation that always follows currency inflation isn't always instantaneous. How quick it shows up is a function of the so-called 'velocity of money'.

The CPI is not always a true indicator of inflation, because it's subject to tinkering for political reasons. Calculating the 'cost of living' excluding food, fuel and housing is like calculating the 'cost of farming' excluding seed and fertilizer.

that's because the rich mostly save their wealth up. money that isn't in circulation can't easily devalue itself.

JL

I dunno, CRS. That's a clever observation but it appears to rely on the Conventional Wisdom that more government spending depreciates the value of that government's currency.

After 40 years of governmental borrowing to make the rich richer I can't remember the last time inflation was as high as 3%.

This this verifies that there are mediocre and worse in every profession, including in the media.

Moronic asshole that the man was, Trump thought that his import tariff taxes were going to be paid by the Chinese. Of course, he was totally wrong, Trumps import tariff taxes were paid by Americans shopping at Walmart or at Harbor Freight.

Biden, on the other hand, has figured out a way (or maybe more likely unintentionally stumbled on a way) to successfully tax the Chinese.

The Chinese own way over a trillion U.S. dollars (their "trade surplus with us, or our trade deficit with them, same thing). Biden's "infrastructure" budget financing system will seriously reduce the value (purchasing power) of each and every single one of all those one trillion-plus dollars, amounting to a tax on China.

There will be other consequences to Biden's sneaky 'China tax', most of them far less beneficial to Americans, but WTF, you gotta take the bad with the good.