Inflation

Feb 15, 2022
Feb 15, 2022 Updated Apr 13, 2025
5

Editor,

Inflation is still in the news, as shown in the Feb. 10 edition, “How inflation and tangled supply lines are gripping economy.”

(5) comments

edkahl Feb 15, 2022 2:57pm

Excellent letter. Too much government "stimulus" spending stimulates inflation which reduces everyone's purchasing power. Supply chain prices can adjust but wage inflation sets in, it is much harder to reverse inflation. We experienced this in the 1970s with 18% mortgage rates, 14% inflation and mothers demonstrating in the streets over food prices. What the government giveth with one hand it takes with the other through inflation. It’s a con game that would make Bernie Madoff blush.

Tafhdyd Feb 15, 2022 1:50pm

Mr. Constantino,

From your past Letters to the Editor we know that you have a dislike of the Democrats just as I dislike a lot of the Republicans. Without detailed facts to specifically show that the current inflation rate of 7.5% is fully the responsibility the Democratic policies your comments are just your opinion, which you are entitled to.

Speaking to the inflation issue, would you please explain how the Democratic policies you dislike are controlling the economies of countries, both friendly and adversarial, such as Nigeria, Turkey, Angola, Ethiopia, Iran, Argentina, Zimbabwe, Lebanon, Sudan and Venezuela. All of these countries have an inflation rate more than double to more than 300 times the United States. Nigeria is over 16%, Argentina at nearly 50% and Venezuela at 2,700%.

BTW, I know it is just my opinion, but I think your credibility takes a hit when you have to quote Sarah Palin.

Terence Y Feb 15, 2022 4:12pm

Taffy, my friend – Mr. Constantino has given you the 411. Your credibility takes a hit when you don’t understand the facts have been detailed right in front of you - MMT. Unsurprisingly, we didn’t have this inflation problem under DJT - our great President Trump, but you already knew that. LOL

Jorg Feb 16, 2022 8:30am

Terence Y: You have no credibility left. You have worked so hard to lose it all, and when you called Jamie Raskin’s book “Unthinkable”, silly yesterday, you sure topped it all off. Obviously, you haven’t read his captivating, touching story, but even if you did, you wouldn’t understand much of it. Good luck with your “great President Trump”. If a lying loser of a criminal like Trump, is “great” in your mind, you have thrown your mind off the cliff, - whatever was left of it!

Terence Y Feb 16, 2022 12:25pm

Jorg, what’s “Unthinkable” is Jamie Raskin and his wife illegally hiding stock transactions. What’s “Unthinkable” is Mr. Raskin lying about 7 people losing their life in a supposed insurrection. What’s “Unthinkable” is Mr. Raskin deceptively editing video trying to make our great President Trump look bad. Perhaps you could let us know what Mr. Raskin thinks of the US Capitol cop murdering Ashli Babbitt. Or perhaps why Mr. Raskin thinks half a million patriots could only do such a small amount of damage in his supposed insurrection. Perhaps you could get your mind around that – whatever is left of it! BTW, saying the book is silly might be considered a compliment.

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