Types of Inflation

Most everybody knows what inflation is or, at least, has felt the effects of inflation. It’s when there is an oversupply of money which devalues the currency and makes prices go up (I know I’m way oversimplifying. There’s no need for a detailed theory of inflation to make my point, though.). I just read an…

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An Open Letter to Rep. Larson, Sen. Murphy, Sen. Blumenthal, and President Biden on Gas Taxes

Dear Sirs, As I’m sure you’re all aware, gas prices are currently at record highs. The president is asking for a three-month federal gas tax holiday to try to help. The proposal would save the average driver $0.18 per gallon, and diesel drivers $0.24 per gallon. This proposal is a huge mistake and I want…

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Inflation

I, like many people, go grocery shopping weekly. For years, I’ve spent $60ish each week to feed myself, my kid, and supply my home. I went grocery shopping yesterday and it totaled over $100. I didn’t buy more than usual or anything unusual. It was my normal $60 trip except I had to pay an…

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Gas Prices: Taxes, Inflation, and a Little Bit about Ukraine

The embedded Tweet is from one of my state’s Senators, Richard Blumenthal. He used to be our state’s Attorney General. He made his name and career fighting against price gauging, rogue polluters, unfair labor practices, corruption, and things like that. Maybe he thinks that’s what he’s doing with this legislation. He would be wrong, but…

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