A Basic Economic Reality
A basic cause of inflation is an economic reality
Which has little to do with prevailing political ideology,
Rather it is rooted in elementary consumerism
And stopping it depends on a proper methodology.
Demand for a specific commodity goes out of control
When there is far more demand than availability.
Simply, a shortage of supplies to meet the demands
The higher price that short commodity commands.
A shortage of goods caused by supply chain woes
Made huge numbers of commodities scarcer, you see
And those vendors who could raised their prices,
So many things cost more than they had previously.
Fears oil-producing countries might not meet needs
Lead to major oil companies raising prices per gallon.
Indeed, some gouging no doubt elevates our concern
Some commodities also purposely held up, we learn.
Consider, some major corps are making record profits
And there seems no lack of the commodity they sell
Particularly pharmaceuticals have an increasing market
They can regulate the number of pills produced, do tell.
So inflationary prices, in this specific case, are artificial
Check out the earnings/loss statements of drug moguls.
You will do a slow burn discovering this manipulation
Producers won’t admit their fault for spiraling inflation.
Inflationary trend is designed to destroy the middle class
The rich can afford to pay more for what they indulge
While the middle class struggles to afford the necessities,
But don’t expect astute politicians this fact to divulge.
They will raise the federal interest rates promising relief
But commonsense tells us that, too, hurts the little man.
Unfortunately, we have also farmed out manufacturing
So, we have lost commodity control to stupid posturing.
Written May 14, 2022
[along with a degree in American history,
I have studied graduate level economics.
There is much more to inflation, but we
must not overlook basic consumerism.]
Copyright © L MILTON HANKINS | Year Posted 2022
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