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Let's Talk About- Political Edition
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08-22-2024, 09:09 AM
(This post was last modified: 08-22-2024, 09:12 AM by Jag149. Edited 1 time in total.)
Not all things in life are simple. This recent inflation rise however may be one that is. Maybe you can tell me what I am missing. One political candidate is blaming corporate greed for inflation. Very educated people seem to just want to show off they are smart and muddy the issue. Whenever people go out of their way to tell me anything is hard, complex and takes great skill to understand it normally is not. They are either wanting a more money or are hiding something. I see a simple correlation between the inflation we recently experienced and the cost of diesel fuel. It appears in the current economy you can pick your level of inflation by the cost of fuel. If you graph the cost of diesel to the rate of inflation, if you want 2% inflation or less just keep the cost of diesel in the $3.00 to $2.75 range. When the current administration attacked the fossil fuel industry without providing an alternative it drove inflation higher.
As the price of diesel rose inflation rose with it. The priced of diesel peaked June of 22 at 5.75 per gallon the same time inflation peaked at 9.06%. It began declining as the administration began to ease the attack. Environmental groups became irritated and had meetings with the administration during the time of easing. The price of diesel slowly fell and is now $3.44 according to EIA.gov and inflation has followed. To keep inflation between 1 and 2% like it was running the last 10 years diesel need to be between $2.50 - $3.00. It is not rocket science, it is numbers. Do not believe anything else. Our transportation system runs on fossil fuels. Food is planted and harvested using diesel fuel. The consumers power bills and manufacturing run off fossil fuels. There is a lag in these effects, initially the corporations experienced higher costs. They then raised prices to offset these costs. The prices will come down as the energy costs decline. This is a free market result. This higher energy cost crushed all the mid to lower earning Americans. I understand there may be a need to move away from fossil fuels. That is not the issue. What is the issue is the execution of that move. The first step is providing an alternative or transitioning only as fast as that alternative can handle. Unless you have no heart and care less about the working people. What was done was highly irresponsible and heartless. I have the graph but cannot figure out how to post it. If you want it send me a message and I can email it with the data.
A new broom always sweeps clean.
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