Timothy Birdnow

Inflation has dropped to 2.4%, the lowest it's been since 2001.

Put THAT in your crack pipes and smoke it Demo-media!

People do not understand inflation. It is, essentially, when the money supply outstrips the growth of the economy. That usually (but not always) happens when the government spends too much money and the Federal Reserve is forced to "print" more (it doesn't really print it but rather simply creates a fiat on paper). The value of the money drops and if there is not adequate economic growth the average person is forced to spend more of his income on basics, which are more expensive. During periods of economic growth they do too but they are making so much more money nobody cares. But in inflationary periods the growth of real wages (not just how much one is paid in dollars but how much those dollars can purchase) stagnates while prices keep rising.

Naturally prices will not decline; that is deflation and it has it's own problems (while you get cheaper stuff you get pay cuts instead. And also it dries up lending as nobody wants to lend a dollar now that will be worth a buck fifty if you wait.) But if the people are making more it balances out.

In the end it's always government manipulation of currency that leads to inflation, and that is almost always a trick to spend more money to buy more votes. It really is that simple.

BTW the Federal Reserve caused the Great Depression by massively contracting the money supply, leading to an economic collapse. And then government under first Wilson and then Roosevelt attempted to spend their way out of the problem with money that people didn't have in the first place, sucking the economy ev er drier.

So this is good news and proof that Trump is on the right track. And it proves that tariffs don't cause inflation as the Keynsians all claimed it does.

Now we have to make sure the public is aware of this; the media is still saying we are in a bad economic time despite all the numbers looking up. They have subtly suggested that a lack of deflation means the economy is bad - a bald-faced lie.

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