Towards the end of the Bush administration, our government began printing money at a record pace. That trend continued into the current administration. Today we are experiencing the effects of this irresponsible policy.
Inflation is here in a big way. The price of groceries are up 5 percent since January with the cost of milk, eggs, meat and bread up 9 percent since the beginning of the year. Inflation has touched each and every one of us, and that is no more evident than at the gas station where gasoline prices are through the roof and rising steadily.
It is basic economics that the more there is of something, the less it is worth. There is a reason after all that one of a kind items like fine art command such a high price. These same laws apply to our currency. Since there are many more green backs out there as a result of the printing presses being put into overdrive, they are worth less meaning that it takes more of today to purchase a product or service than it took last year, or the year before or the year before that.
Writing for Forbes, Charles Kadlec has published a very informative article which discusses further how inflation is causing pain at the pump and who is to blame for it. After reading it, may I suggest you send a copy to your representative in Washington.
Click here to read the article.
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