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February Prices Increased .4%, Year Over Year Increased 6%

Discussion in 'Money Talk$' started by KenH, Mar 14, 2023.

  1. KenH

    KenH Well-Known Member

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    Solution:

    1) Get rid of the current fiat monetary system and replace it with a monetary system based on the gold standard.

    2) Stop increasing the national debt. With a gold standard-based monetary system, huge budget deficits are very difficult to run. The basic reason why the U.S. government has been able to run ginormous budget deficits in the 21st century is because the last link of the U.S. dollar to gold was severed in 1971.




    "The consumer price index increased 0.4% for the month, putting the annual inflation rate at 6%, the Labor Department reported Tuesday. ...

    Excluding volatile food and energy prices, core CPI increased 0.5% in February and 5.5% on a 12-month basis. ...

    Food prices rose 0.4% and 9.5% respectively. ...

    Shelter costs, which make up about one-third of the index’s weighting, jumped 0.8%, bringing the annual gain up to 8.1%.

    https://www.cnbc.com/2023/03/14/cpi-inflation-february-2023-.html
     
  2. Salty

    Salty 20,000 Posts Club
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  3. KenH

    KenH Well-Known Member

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    There are state governments, such as Arkansas, that balance their budget every fiscal year as required by the laws in the state. It's not like it is impossible. It is that the rulers on the federal level lack the want to needed to accomplish the task.
     
  4. Salty

    Salty 20,000 Posts Club
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    As I have stated before - every congressman wants to cut the budget - except for his district and pet peeves
     
  5. KenH

    KenH Well-Known Member

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    I really don't see how the United States can keep on running the $2 trillion yearly budget deficits for the next ten years as have been forecasted. And those are forecasts, and the actual tends to run higher than the forecasts.
     
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