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I believe you are correct. I haven't seen $20/lb powder in a long time anyway. I have seen primers in the $40.00 per th. a few months ago. 5.56 Ammo is now in the 0.53 per round presently, still dropping. It was a little over a year ago it was $2.00 per round.
Interesting analysis that assumes that only the private sector is capable of greed.
One important distinction between government and the business sector - the government doesn't jack up taxes so a disillusioned public will vote it out of office.
My dad pointed out to me in the early 60's where interest rate was at. He said that probable going to be the lowest it will every be. I believe it in the 6% area at the time. A few months ago it was in the 2% area. The interest rate has been to low for to long. I remember the late 70's early 80's when interest rate were at 20% for homes. Nice, but wrong. The lenders gotten stupid again. Nothing down and nothing a month that was happening in the late 90's and early 2000. Clinton got that in, allowing the commercial banks to combine with the non-commercial banks and brokerage firms to combined. What one couldn't think of the other one did. House were going up @ 25% to 30% per year. It hit the wall and most can remember what happen in about 2006. Wages only generally go up about 3% per yr. No way people could hold up to purchase the homes. They called the loans a it click in about 5 years, where the payment increased and interest when up. Now we are at almost the same point. The 2nd Bush finally got it stop, but to late. The Glass Seco Act in Clinton 2nd term.
Huh? Its only happened about 1000 times in history! What was the Boston Tea Party? What happened to tax rates in 2016? They were lowered.
Ok, I hadnt remembered Carter appointed Volker. Bully for him.
I wholeheartedly agree that bureaucracies can become self-perpetuating monolithic pseudo-governments that require serious oversight, but I can not agree that gross wealth inequity is the solution to our national problems. Taxes are required for any civilized society to function. The question, as always, is who pays and how much? In the current period of gross wealth inequality it makes sense that wealthy individuals who've benefitted most from the system should put the most back into it. And there's the rub, their power, political influence, and purposeful economic decisions have pushed that burden onto average wage earners whose individual lives are most affected by inflation. So, rising prices translate to unhappy voters which usually results in a change in political parties in the next election. Never mind whether or not it's big, the bottom line is that big business doesn't like government that calls for raising taxes, or in anyway interfering with what big business desires to do.
Inflation, fuel and wages are synonymous...raise one..raise them all...the more money you give an employee, more you raise inflation and spending....wages haven't gone up diddly squat compared to EVERYTHING else....construction materials in Canada are up 400+ %, natural gas to heat our homes 30% last month...wages are down. And it's always been at least here at home...raise the price of anything,anything, (always something to blame) Oh it's Covid now ....raise the price 100% , never goes back down to WHAT WAS but it might drop 40% and become the new what is and we're all told to be happy!
The only way to crush the spiral in inflation unfortunately is to crush the economy and demand.
