As an old armchair economist and historian, here is an actually useful bit of wisdom: In our near future, expect wage and price controls and the inevitable shortages they bring. This has been a common feature of runaway inflation and/or authoritative governments. We have both in the USA and elsewhere. Alas, there is not a whole lot one can do as an individual, small corporation, etc. against the chance, but there are a few. The most obvious is to spend your money down as much as possible. It's not gaining value, indeed it's depreciating due to inflation well above even the officially admitted 40-year-high rates. Buy now, the services and goods you can. They will be much costlier a year or two from now. Perhaps not available at all. And your cash has lost value. Need a new car? New roof? Appliances? If you have the cash, do it now. Got room to store up canned food or other resources? Get to it. This actually is a "can't lose" investment, if you truly are buying goods and services you will need within a foreseeable future.
We live in a time where the vast majority of the populace are sheep, smug in the belief their government can do no wrong, even command that resources will magically be available at prices they set. History will, perhaps, teach consumers the hard lesson that, even if the government mandates a gallon of gas can't be more than $10, there may be none to be had at the price.
Mar 7, 2022
at
12:50 PM
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