{"id":65118,"date":"2023-03-02T06:38:43","date_gmt":"2023-03-02T11:38:43","guid":{"rendered":"https:\/\/olduvai.ca\/?p=65118"},"modified":"2023-03-02T06:38:43","modified_gmt":"2023-03-02T11:38:43","slug":"the-top-3-reasons-the-us-has-entered-the-inflation-death-spiral","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=65118","title":{"rendered":"The Top 3 Reasons the US Has Entered the Inflation Death Spiral"},"content":{"rendered":"
\n

The Top 3 Reasons the US Has Entered the Inflation Death Spiral<\/a><\/h3>\n<\/header>\n
\"Inflation<\/div>\n

Rapidly rising food, housing, medical, and tuition prices are squeezing Americans, and many do not understand the real cause of their falling living standards.<\/p>\n

\n

That confusion opens the door for opportunistic politicians who promise supposed freebies to ease the pain of inflation. Many, unfortunately, succumb to this siren\u2019s call.<\/p>\n

Perverse as it is, the policies offered to people suffering from inflation create even more inflation. In other words, inflation has a way of perpetuating itself, much like a heroin addiction.<\/p>\n

We are already seeing cockamamie schemes in the US, like \u201cinflation relief checks,\u201d which attempt to solve the problems of inflation by creating more inflation.<\/p>\n

The political-inflation cycle follows a clear pattern:<\/p>\n

Step #1:<\/strong>\u00a0In a fiat currency system, the government will inevitably print an ever-increasing amount of currency to finance itself.<\/p>\n

Step #2:<\/strong>\u00a0This makes prices and living costs rise faster than wages.<\/p>\n

Step #3:<\/strong>\u00a0The average person feels the pain but doesn\u2019t understand what\u2019s happening.<\/p>\n

Step #4:<\/strong>\u00a0More people support politicians who promise freebies to relieve the pain inflation causes.<\/p>\n

Step #5:<\/strong>\u00a0The government prints more currency to pay for the freebies.<\/p>\n

Step #6:\u00a0<\/strong>This creates even more inflation, and the cycle repeats.<\/p>\n

At this point, we have to ask ourselves whether the political situation in the US will improve.<\/p>\n

Unfortunately, the data points to a troubling but inevitable answer\u2026 \u201cno.\u201d<\/p>\n

The reason is simple: a growing majority of US voters receive government money.<\/p>\n

When you count everyone who lives off political dollars instead of free-market dollars, we\u2019re already well north of 50% of the US population.<\/p>\n

In other words, the US has already crossed the Rubicon. There\u2019s no going back.<\/p>\n

The growing majority of voters who collect net benefits from the government is a built-in constituency to perpetuate policies financed by ever-increasing inflation. That\u2019s why I think the US has entered an unstoppable inflation death spiral.<\/p>\n

\u2026click on the above link to read the rest\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The Top 3 Reasons the US Has Entered the Inflation Death Spiral Rapidly rising food, housing, medical, and tuition prices are squeezing Americans, and many do not understand the real cause of their falling living standards. That confusion opens the door for opportunistic politicians who promise supposed freebies to ease the pain of inflation. Many, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[33757,6228,11725,13351,827,834],"class_list":["post-65118","post","type-post","status-publish","format-standard","hentry","category-economics","tag-inflation-death-spiral","tag-international-man","tag-nick-giambruno","tag-price-inflation","tag-united-states","tag-us"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=65118"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65118\/revisions"}],"predecessor-version":[{"id":65119,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/65118\/revisions\/65119"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=65118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=65118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=65118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}