Wednesday, September 27, 2023

Steve’s Barking; Taint my grand father’s economy.

 I just don’t understand it…Why oh why does the Fed or better known as the Federal Reserve think that they can control inflation? This is the first time in “modern history” that the population is aging, and those of us aged people ( a lot of us) have money coming in that cover our expenses and a good portion of us have a little discretionary income. Now because there aren’t as many people to do the jobs that need to be done because of the low birth rate of the U.S and many other countries we can’t look at the old formulas of inflation and productivity. Noooo we can’t look at the past to judge gross domestic product(?) and we definitely can’t look at the past to see how to fight inflation….

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