November 3, 2007
ECONOMICROT: INFLATION or HYPERINFLATION
Maybe it’s just me, but my Seat Of the Pants Inflation-o-Meter (SOPIM) and my empty wallet are both telling me that inflation is running at a much, much higher rate than that... I’m now paying $3 a gallon for gas and $3.50 for a gallon of milk...
It's been nearly nine years since the Great Hyperinflation began. Prices are insane.
Good luck finding gasoline at $3 per gallon now. You'll need it. Your best bet is to haggle with an independent gasoline station owner and hope he's willing to negotiate.
Don't even get me started on milk. This week it's going to cost me $10 per gallon for the stuff, and only then because I have a coupon. That's right. I'm not even joking.
That's a free gallon of milk with $10 grocery purchase at my local QFC. Well, we all know that nothing comes for free. There's always a catch, and this week the free milk's going to cost me ten bucks. Oh, sure. I could buy 14.5 pounds of bananas at 69 cents per pound I suppose. I just wish they were on sale. Seems like such a waste. Maybe I'll find something else instead, but I'm just not that hopeful.
Hyperinflation sucks. If only we could turn the clock back and pretend it never happened. Or given time, maybe we can all learn to adapt?
Note to self: Remember to somehow lock in the ShadowStats subscription price of just $175 per year in case they ever raise it. In theory, it could happen, someday, maybe, especially after nearly nine years of hyperinflation. Better safe than sorry.
It's like the unstoppable force of the zero interest rate policy meeting the ShadowStats subscription price immovable object, all during hyperinflation! Crazy paradox! There's just no way to resolve it in any kind of logical sense.
Bad Stagflationary Mark. Bad! Bad! ;)
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