Thursday, May 28, 2009

Unfounded fears of inflation

There is an unfounded fear of inflation if there is too much money in the system. This is the fear created to keep people poor. This is the 21st century, technology has advanced so tremendously, there are so many new things that can be done. Space exploration is now limited to only a few people, in time more and more people can be be involved in the space exploration industry. This is a very exciting arena. This is going to be an industry of unlimited possibilities. 

But it is true, one chicken used to cost $3/- now it is $6/-. This is 200% inflation, but the money going into citizens pocket has not increased by 200%/. We are having inflation, but the money citizens are getting are not compensating for inflation. This is  a double whammy. You have inflation, but the money supply to ordinary folks have not increased.

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