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.]