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You need to have a little common sense in order to see that increasing prices can be cured by greater productivity and production from the private sector, which will ultimately lead to more economic growth. Yes?
— manic contrarian (@SBCTA) July 26, 2022
The mildly senient should not be surprised that prices today are much higher than in February 2020. What is the real mystery? How did prices for a vast market of goods, and many services fall so low before we locked down the entire world?
Yes, there was indeed a global lockdown, because other countries, particularly the European ones, mimic what the U.S. does.
You can count on other politicians to emulate the U.S. politicians when they do the worst thing, such as shutting down commerce’s wheels. Some thoughts about the New Liberal Order.
This is something I struggle to understand. The notion of politicians, at the urging of public health “experts,” from California to Canada, from Brazil to Belgium, from Spain to Saint Pierre, people, most of whom had never created a job or spent a single day running a company or small business, believed themselves qualified to make monumentally important decisions that would impact the $100 trillion global economy.
And by doing so, they damaged the lives of billions, resulting in hundreds of thousands, particularly in the developing world, losing the work that gave them hope, and even dying from an intentional international “health emergency” and an internationally orchestrated COVID policy of forced poverty. Did they not do any harm at all?
We’re from the government and we’re here to help you…
You see, there’s an old saying, when America gets the sniffles, the rest of the world catches a cold. The rest of the globe gets pneumonia when America has a cold.
This old saying has nothing to do with infectious diseases; it has to do with the unparalleled economic importance of America’s unique role in the world. When a certain segment of American consumers, let’s say teenage girls, stops buying the last “next thing,” tens of thousands of nameless, faceless people, the poorest of the world’s working poor, are out of work.
All Americans who stay home and do not buy, sell, produce, consume or create in the global economic system will become disconnected from it. This can lead to hundreds of thousands of people, sometimes even billions of dollars, being out-of-work, hopeless and out of control.
According to our Federal Reserve “Brain Trust,” inflation is caused by too many people working and spending too much of their own money…
And now, not content in the knowledge that by locking down the world economy, millions of working poor in the world’s poorest countries suffered, including many of the poorest people in the world dying from a poverty imposed upon them by decree, many of the same experts who stood up and said lock it all down, are now saying shut it all off, the easy money, and the easy credit.
The Trust made the right decision with their monocles and elbow patches to turn off the music and take out the punch bowl because they are the party-poopers.
Just when we thought it was safe to get back to normal, and back to work, the 12 Trust Busters at the Fed decide, nah, too much overheating in the economy, it’s time to make America poor again.
It’s again time to destroy the housing market, the most important single asset most Americans will ever have. It’s also time to raise unemployment, and throw people out of work. We’ll see how many people in Silicon Valley, and Martha’s Vineyard lose their situation.
And once again, the “expert class” and their economic austerity come to the rescue. Except this time, instead of blaming everything on a relatively mild virus, at least as global pandemics go, they’ll blame it on the Consumer Price Index and Vladimir Putin.
Tens to thousands of businesses may close. The American people will lose hundreds of thousands of jobs. Millions will see their equity go, including their home and retirement savings. But millions of the poorest people in the world, who literally depend on America’s economy to keep them working, and literally living, they’ll lose everything, and many will even die.
But who knows, maybe these “experts,” unlike the last experts, who are all saying the cure for inflation is higher unemployment, which is accomplished by manufacturing a recession, are right.
Except they aren’t. The experts who insist on running the world aren’t right. They’re casually incorrect about nearly everything.
The answer to negative or unflattering speech is positive, uplifting speech, just like it is for bad and ugly speech. Just like how some people get Covid, more people will eventually get Covid, so the solution to price rises is greater productivity in the private sector, which ultimately leads to more economic growth, wealth creation, and more economic growth.
Also, there is no such thing as less prosperity. There is more every day!
Joe Armendariz serves as the Director for Government Affairs at Armendariz Partners. A former Carpinteria City Council member, he is also the ex-Executive Director of Santa Barbara County Taxpayers Association and Santa Barbara Technology and Industry Association. He is the Chairman of California Center for Public Policy. You can reach him at 805.990-2494
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