It’s called inflation.

It is a way the government has of paying off today’s debts at tomorrows dollars. You see, tomorrow’s dollars, in a few decades will be worth maybe 10 or 15 % less than what they are worth now. At the way things are going, maybe 20 or 25% less.

That is nice and convenient for the government. Not so much for you and me. You see, those dollars will also be worth less for us. My little 401 k is now worth, oh, about 14% less than when I retired, this even though the DOW has basically gone up.

Each time I go to the grocery store, I have to pay more while I buy less. Even the grocer knows it and admits it. If I bring it up, he just shrugged. He can’t help it though he tries. He actually does absorb some of the inflation, which decreases his profit.

Now, let’s look at this thing called inflation a little. While Trump was in office, the inflation was almost negligible. When Old Joe stepped in behind the desk in the Oval Office, it was as if someone threw a switch. You see, the price of oil doubled or more. In case you are not aware, our nation is dependent on energy in general and oil specifically. It was but only natural for the price of all else to go up. It is inevitable. When Old Joe stopped the drilling, he caused the inflation. To be sure, there were other causes too. However, the cost of oil is the one major thing.

Incidentally, with inflation, the cost of running the government goes up too. That’s right. They have to buy stuff too. And they have to pay salaries too. Stuff and salaries have gone up, a lot since Old Joe took over. So he has to raise taxes to pay the extra costs. And, guess what, increases in taxes are also inflationary.