Jerry Moore (Admin)
Post Number: 26834
|Posted on Saturday, January 22, 2011 - 11:33 am: |
Inflation does exist; where's the outrage?
An Albany (NY) Times Union Letter to the Editor
January 22, 2011
The government defines inflation to suit its purposes. Right now, it does not suit its purpose to have rising energy and food costs to be acknowledged as significant indicators of inflation. That's because it wants to keep printing money to re-inflate stock prices. If it had to acknowledge inflation, it couldn't keep doing that, so it doesn't acknowledge it.
I am a senior citizen living on a fixed income. The powers that be say we do not have inflation. The costs of the things that I use seem to be out of control. This probably is true for everyone.
I pay much more for gasoline. I pay much more for food. I pay much more for water. And it seems that I am paying much more for heating my home.
These are the items that all of us use daily. They are necessities. I am tired of hearing that inflation is nonexistent when these costs keep going up.
The problem is, what is being done about it? The last time gasoline reached $3 a gallon, there was outrage. Have we become so brainwashed that we will accept that nothing is being done to help us?