Something Is Rotten In Number Land & The Puppies Have A Right To Know

southwest airlines jet almost hits gas station march 2000

Southwest Airlines Accident March 2000

Inflation is a pretty cool financial tool that economic wizards employ to reduce the money supply.

Its all very complicated but what it comes down to is: burying wads of officially numbered

paper grimily rolled up in tin cans that should have been washed better had anyone

any real idea how long this stuff would be deep sixed is actually lunacy due

to these old bills now enjoying only a fraction of the buying power they

had when Bonnie and Clyde excitedly planted them.  Yep, she don’t

take a rocket scientist to figure out that if the highest inflation

rate we are told we experienced was 3.85% in 2008, how

come the price of gasoline jumped from $1.59 a gallon

in 2000 to $3.20 a gallon (US) twelve years later?

Sure, the answer might be compound interest

but calculating $1.59 compounded by 3.85 % for 12 years

equals $2.50 – a wee bit less than today’s actual average price

but nevertheless, a good example why hoarding money

is silly as long as usury is acceptable. And it is.

Thank you, friend.

Barry out.

image courtesy:

Barry Williams

Much of what I write will be quite understandable to insane folks.

The rest will be, uh, less understandable...

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