The definition of 'inflation' is too many dollars chasing to few goods. The government printed up 1.9 trillion dollars and gave it away like candy.Was at the supply house yesterday for drain pipes.
Earlier this year it was $53. Last week, $87. Yesterday $95.
Same length, same size, same manufacturer.
YET, somehow the gubberment says inflation is only a few % for 2021.
It's not just drain pipes. Groceries, gas powered machines, vehicles, etc., all up for 2021. Not sure I can name many things that have gone down or remained the same price in 2021.
I'm a finance guy and have an MBA degree. Something just doesn't add up.
The unemployed and every other recipient of said money used it for any and everything. At a time when virtually no new goods were being produced.
Add a year and deplete the existing reserves and viola' inflation... Which is figured by averaging a 'basket of goods'. The same 'basket of goods' has been edited to no-longer include gasoline.
So your plumbing supplies which have nearly doubled in price are not included in the mysterious 'inflation'.
Things are only going to get worse. Google hyperinflation and the Weimar Republic...