Loading ...If every commodity is valued on the gamblers futures markets and the Unit of Account changes in value up and down, then we can’t assume values or costs are correct or right. No way of knowing whats over priced or under priced, until a shortage or a surplus happens. The prices alter the supply and demand, NOT the other way around.
For example if gasoline is cheaper than it should be, people will buy boats and motor homes, waste gas, and producers will get hurt and cut back supply. If gasoline is too HIGH?? People use less, dump the motor home cheap, and producers like the high price and produce MORE to capitalize on the price, leading to a glut or surplus that leads to lower prices. There is no equilibrium or stability.
The growing poverty is from Americans gleefully buying foreign made consumer products since 1970, bon apatite, combined with a very low standard wage. That holds down all the other wages, if the base is too low. However some union jobs have kept up and surpassed inflation.
I think we are seeing signs of global socialism failing, as it should. And they are resorting to using borrowed and counterfeit money to pay bills. A slow motion failure transition. Or reversal. Its time to be hopeful, cold turkey withdrawal from a fake economy, no pain no gain.