Businesses kept their names for many years. Taxes are increasing and consumers are paying higher prices. Do you have a solution for the problem.
The best opinion would have been to regulate the price of things. Increasing price is equate to increasing inflation. When prices gets above wages, inflation increase more.
As long as people and businesses continue to demand higher prices for labor and products, without providing anything more than they were, we will have inflation.
Taxes play a part, of course - when taxes rise and farmers find themselves squeezed they raise prices, just like everyone else does. But again, when those increased taxes are levied simply to buy what we cannot afford (whether support for those that cannot support themselves or a new bridge) it is a part of the causes of inflation.
Bottom line is that greed is the primary cause of inflation and I don't see that going away.
Hi, wilderness, "Bottom line is that greed is the primary cause of inflation and I don't see that going away." That is why the government has to come in and control prices of goods and services. Left to the market forces, people usually do what their like especially business people, thereby inflating greed to a level of impure monopoly. Thank you for the comment and weighing in. Have a nice weekend.
Unfortunately, those that have lived through the effects of government control over prices wish they hadn't. Government is completely unable to establish reasonable control over such things as a long term solution to anything at all.
The only places in the world with a good standard of living have relied on the free market, not government, to establish what something is worth.
In such cases, it seems that the politicians are not willing to help the matter. Everything is left to chance, right? The majority of the people suffered. No wonder inflation rules the day!
Of course they're not! There are precious few politicians in the world that actually WANT to help the people. The vast majority are there to help themselves, nothing more.
Just my opinion.
Thank you for your response. I am glad; you took the time and give us a feedback on the subject. Some day, some one will bring it to the White House as an serious issue. Have a nice day mister wilderness.
Boundaries.
Monopolies or tyranny of the wealthy should not be allowed.
"No bailouts, Bonuses, Backroom deals from Washington to Wall Street." Nomi Prins
Regulations, such as the Glass Steagall Act, are needed and according to Nomi Prins, the author of the book, "It Takes a Pillage," the Glass Steagall act should be restored.
She also says:
"Fix the entire Banking foundation."
"Wall Street needs total purge and disclosure of the risk on its current books."
"It also needs to bring non-regulated entities like hedge funds, private equity funds, and off book gimmicks into open purview and tax policies."
Its a complicated problem and impossible to fix, if no one wants to isolate the difficulties ...
and then deal with them appropriately.
She says something interesting on page 215:
"True, there are some things that can't be changed. You can't do much about greed."
"Everyone comes to Wall Street for the money. The ones at the top are there for money and power. No one comes for the ability to help humanity. If that were the case, they'd all be working for non-profits."
"Her new book, Collusion:How Central Bankers Rigged the World. Her last book, All the Presidents' Bankers: The Hidden Alliances that Drive American Power, was published on April 8, 2014. Her prior book, Black Tuesday, was a historical novel about the 1929 crash. Before that, she wrote the hard-hitting, It Takes a Pillage: Behind the Bonuses, Bailouts, and Backroom Deals from Washington to Wall Street. She is also the author of Other People's Money: The Corporate Mugging of America, which predicted the recent financial crisis, and was chosen as a Best Book of 2004 by The Economist, Barron's and The Library Journal, and Jacked: How "Conservatives" are Picking your Pocket (whether you voted for them or not.) She wrote the financial thriller, The Trail, under pseudonym, Natalia Prentice.
Before becoming an author, Nomi was a managing director at Goldman Sachs and a senior managing director at Bear Stearns. She has been a featured commentator on numerous TV programs including for: BBC, CNN, CNBC, MSNBC, CSPAN, Democracy Now, Fox and PBS. She has been featured on hundreds of radio shows including for CNNRadio, Marketplace, NPR, BBC, and Canadian Programming. She has been featured in international documentaries from the US, Norway, France, Germany and other places, alongside other prominent thought-leaders.
Her writing has appeared in The New York Times, Fortune, Newsday, Mother Jones, The Daily Beast, Newsweek, Slate, The Guardian, The Nation, LaVanguardia, and other publications."
Her website is http://www.nomiprins.com
https://www.amazon.com/Takes-Pillage-De … B00BUYGAE0
Thank you for taking the time to read the book and do some research about the subject. Your comment is important to the community.
I agreed, and it is weighing in. Nevertheless, government, politician, corporations, wealthy individuals, and those greedily for more will like none of these significant features. All that they care is to get more money since it is a rat race. I greatly pity those who can not help themselves.
Like as wilderness said, there have to help themselves. Yes, they have to. But how is likely their question?
What an intimidating profile! She talks sense. But who is this likely to carry the points home? Can they form a part of the government economic policies? Perhaps, she and are scholarship is being ignored. Such instances spell trouble for a country. It is both a waste of human resource and economic development.
Thank you for the response . Your opinion is appreciated and I am glad you care for the best economy of this country the U.S. A.
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