How to Fix the Inflation Problem Instantly and Permanently

gromicko · November 7, 2022, 1:20am

All good. I outlived two of my kids. But I now know how the Afghans and Iraqis feel. Never let armed, illegal foreigners cross your borders whether they are wearing some other country’s military costume or not. Do whatever it takes to expel them. Trespassers get shot because they are supposed to get shot.

gromicko · November 7, 2022, 1:31am

Back to inflation. We could do what we did in the depression and give all these laid off government employees something productive to do, like build the wall, rather than harassing profitable companies with regulation and tax collection.

sbridges2 · November 7, 2022, 1:43am

That wouldn’t work. If a government worker gets a splinter in their finger, they would go on disability.

rbleich · November 7, 2022, 1:45am

Sorry for your loss, Nick.

dwilliams49 · November 7, 2022, 1:47am

gromicko · November 7, 2022, 2:51am

I’m good. The police still refuse to give me his phone because they are afraid I’ll figure out who the dealer was. I didn’t know the police still had access to what happened years ago, but they admitted they did and that is why they won’t give me his phone. Years ago, a guy beat up a female friend of mine. I found him and gave him some choices. He chose the third option and so I cut one of his finger off with a bolt cutter. This was many years ago, I don’t have a criminal record (I even have an FFL), but apparently the police here, know about the incident. Erik had a coinbase account that I’m having trouble accessing without the phone.

dtews · November 7, 2022, 3:17am

Actually the federal reserve pulled over $500 billion in cash out of the economy over the last 11 months. That’s roughly three times the total federal payroll.

gromicko · November 7, 2022, 3:34am

This is news to me. Do you have more on this that I can read about?

gromicko · November 7, 2022, 3:36am

I see it: M1 (M1SL) | FRED | St. Louis Fed

csantiago9 · November 7, 2022, 11:59am

Nick Gromicko, CMI:

How to Fix the Inflation Problem Instantly and Permanently - by Nick Gromicko

Simple. Inflation is too much money in the system chasing too few products and services. So you want to reduce the money supply while increasing production.

But first, as a little side note: The reason the money supply is so big is that the federal reserve has to keep printing money (“inflating” the money supply) to cover the costs of our government that are above and beyond what they collect in taxes.

Back to fixing inflation: To relieve the federal reserve of having to inflate the money supply to pay for government, simply begin to reduce government by laying government employees off and not replacing retiring employees. If this means entire agencies have to close, so be it. The Constitution enumerates the federal government’s duties to only a small handful. Everything else the government does and collects taxes for is unconstitutional (“illegal”). So slowly shut a lot of it down. That solves the money supply problem as the federal reserve won’t have to print any more money to cover the government’s bills.

But wait, there’s more: All those unemployed government employees being thrown back into the productive economy will start working on producing products and services again. They’ll get jobs or they’ll start businesses or whatever. They’ll make stuff and offer services we all need and want.

Every government employee that is let go not only reduces the amount of money the federal reserve has to print, but then also increases production of products and services.

Less money supply chasing more products and services = less inflation = prices go down.

The natural state of prices is to go down, not up. We had no inflation in America for 150 years. We shouldn’t have any now.

Hello,

Thanks to your valuable feedback on fixing inflation problem.
Is that really helpful or just trap people consistenncy?

dwilliams49 · November 8, 2022, 5:29am

They could stop minting trillions of dollars earmarked for their “global warming” hoax.

dwilliams49 · November 9, 2022, 5:25am

I can hardly wait til the Big Red Wave prosecute Biden and son for their Zelenskyy adventures.

dwilliams49 · November 15, 2022, 11:14am

sfetty · January 2, 2023, 10:47pm

Or both would be even better and start with stopping funding WWlll in Ukraine.

dwilliams49 · January 3, 2023, 12:20am

President Joe Biden said Wednesday it was “unlikely” that a missile that killed two in NATO-ally Poland was fired from Russia, but he pledged support for Poland’s investigation into what it had called a “Russian-made” missile.

dwilliams49 · January 3, 2023, 1:46am

dwilliams49 · January 11, 2023, 5:01pm

Looks like the Plunge Protection Team dropped in with helicopter fiat money at precisely 10:40 am.

Looks like the PPT fiat-money copter was a few minutes later today at 11:00.

It would be comical, if not for the fact that the scheme is financed by inflationary dollars that we, our children, and our grandchildren will have to pay to retire the debt.

jburkeson1 · April 7, 2023, 4:58pm

Inflation Buster or Lipstick on a pig: Looks like there are cracks developing in the inflation picture… Nothing says deflation like a reduction in car prices, no?

bcawhern1 · April 8, 2023, 1:18am

And mass layoff’s