The inflation is the inevitable result of flooding the economy with trillions of dollars in freshly printed money. It happens every time the printing press is run like that, in every country, throughout history.
> we'll actually reclaim the economic liberty that we used to enjoy
Having the government run the economy is not economic liberty.
Isn't it funny that everyone right of center thinks inflation is due to trillions of dollars added to the economy and everyone left of center thinks inflation is due to people in 3-piece suits and monocles wanting another boat?
Where are the people that think inflation is inevitable because there is always a political push from the most active political constituency (old people/about to be old people/their beneficiaries) to keep asset prices rising to be able to fulfill their demands from labor suppliers (younger, less experienced, less politically active)?
Especially entertaining with the way demographics are going. It wasn’t much of an issue in previous decades due to momentum of population growth.
Some moderate level of inflation is a pretty basic economic principle. Too much and you cause some problems but none or negative and you see a whole host of other issues.
That's like saying the fact the first couple payments on a loan are almost all interest because of a conspiracy among politically active bankers, when in actuality it's because that's how math works.
US property owners enjoyed vast expanses of unexploited resources to tap and legally protected exploitation of whole classes of people to help them do so. I hope you are not claiming that that (limited) prosperity wasn't generated by wiser and more humane policies than today's.
The US saw an enormous improvement in the average standard of living of Americans in its first century. Scores of millions of people moved up from poverty into the middle class.
This happens in every country that tries it.
For an example of an economy entirely focused on resource extraction? The Arab oil nations.
For examples of highly prosperous nations that have no resources to speak of? Japan and S Korea. With free markets.
BTW, it wasn't possible in the 19th century to have a 40 hr week and vast welfare payments. The productivity wasn't enough to fund it.
A better example would be $500/box since $20/box is about market rate depending on the exact kind and caliber (assuming 9mm or 45 which is going to cover the overwhelming majority of handguns).
No ad is going to make $500/box for 9mm or 45 handgun ammunition seem reasonable.
The inflation is the inevitable result of flooding the economy with trillions of dollars in freshly printed money. It happens every time the printing press is run like that, in every country, throughout history.
> we'll actually reclaim the economic liberty that we used to enjoy
Having the government run the economy is not economic liberty.