Inflation: an ambiguous concept that scares ppl who should fear inflation least. COVID hit World economies hard. Ppl died. Goods couldn’t B made/shipped. Wages rose & bouncing back were World economies. Now goods need 2 B made/shipped. Workers are offered > $. 1/6
That’s how free market works. Inflation results fr rise of costs in some sectors of economy. It’s not necessarily bad. If rise in costs pays > wages to > ppl 2 make > things/provide > services, we benefit. BUT we face greater/longer-term (read: permanent) economic problem: 2/6
Machines replace ppl. UK 1700s: Ned Ludd sparked anti-machinery rage as machines replaced ppl. The auto industry made places like Kokomo IN in 1960s & 1970s a spiffy place. Now it’s not so spiffy as auto industry relies upon fewer workers. Even warfare relies upon...3/6
fewer ppl. Drones replace manned aircraft. Jobs aren’t created fr delusions/ empty promises from those who seek political office & will promise “jobs.” “Jobs” is a hollow word when machines replace ppl. Threats to our economies are concentration of wealth in fewer hands &... 4/6
elimination of jobs by machines. Ppl desperate for jobs, only to survive, will fight 2 B in the military. Kurt Vonnegut, a Hoosier, foresaw these trends in his (first) 1952 novel, “Player Piano.” This inflation reflects a shift to workers in the “free” market. 5/6
Tuesday, Mar 8, 7 p.m., we discuss inflation on Civil Discourse Now. Also, a Special Guest will B w/us. I’m Mark Small. I’m pro-choice, pro environment, pro-civil rts & anti-gun. I’m GOP candidate for Indiana House District 86. I approve of this blog. Hell, I wrote it. 6/6
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