Many people these days sit there and complain about inflation and how oil prices are soon going to be too high to handle. I’m not sure I completely agree with this thinking.
I see inflation somewhat as a byproduct of greed and our inflated egos. In the working world, isn’t it our goal to get as much money as we can get? People are constantly trying to up their pay and in turn, up their buying power. As people continue to increase their pay, aren’t merchants going to continue to raise their prices because they know there’s more money out there?
Every time we see a minimum pay rate increase, we’re bound to see some inflation as a result of this cash inflow to the buyers. In essence, aren’t we decreasing the value of a dollar every time society gets a pay raise?
“A whole host of leading indicators is pointing towards a slowdown which should/could occur any time now. If the Fed continues to tighten while the economy is decelerating we should stop worrying about inflation right now.” – (Inflation?)
So if inflation is increasing, so is our pay and if pay is increasing so is inflation. I’m not worried about inflation…are you?