Powered By Blogger

Share

Bookmark and Share

Tuesday, August 3, 2010

No Inflation...yeah right

Economists and Government officials are telling us that inflation is not an immediate worry. In fact some are concerned about deflation which would affect our ability to grow as an economy. Constantly we hear that interest rates are at record lows and mortgage rates are more favorable than at any time in recent memory. Sounds good not to have to worry about price increases. Yeah right. What these geniuses don't understand is that the average person doesn't care and isn't really impacted by these broad statistics. Inflation may be low, but if your mass transit costs rise by 15%, college tuition rates rise by 6% and your supermarket basket by several dollars at each visit and yes, health insurance premiums which have not yet stabilized and continue to rise, you are experiencing huge inflation. Debilitating in fact. Individual families are dealing with those price increases that affect their daily lives. These are user fees. You must use your mass transit to get to work, you must shop for food, you must pay the tuition bill and you should go to the doctor when sick. So to all those who manage and evaluate our economy and promote various statistics, there is inflation. It is huge and it is real. Where are you Americans for reason and truth?

1 comment:

  1. My tuition bill at Rutgers for one class went from $1900 to $2100 per class in one semester. And South River BOE likely reduced it's reimbursement fund with the budget cuts, which means a lower reimbursement rate.

    ReplyDelete