Consumer Price Inflation push retail sales up 0.7% in September, More U.S Dollars are buyer fewer Goods and Services, Americans are getting poorer – October 15, 2021,

Although it’s not popular for a person who believes in free markets to write this, I do believe in the “wealth effect”. People with low financial IQ, do get suckered into lies being spun by the media. Most people genuinely believe that the government can do no wrong, most people genuinely imagine that when government creates new regulations that these new regulations will have no negative effects on the economy.

Even now, the price of Bitcoin as an example is reaching $60,000, this is obviously a speculative play as many “investors” imagine that there are no negative DEFLATIONARY side effects rising prices. The article below calls the retail shoppers “Resilient when the evidence clearly shows that the retail consumers, many of whom have to go to work and take care of their children, have no say in the matter.

I can’t walk into a gas station as an example and barter with the shop clerk to lower prices, nor can I walk into a Walmart and negotiate better prices. Once prices go up in a corporatist-driven economy consumers have to pay the sticker price. In a free market where the government stays out of the economy, the private sector is allowed more flexibility.

In a free-market economy, wages will drop with a deflationary economy, as will prices, in a market economy, welfare payments will also deflate, because if as an example people who don’t work can’t be the beneficiaries of Federal Reserve borrowing money to give to finance government, people who choose not to work will have to be increasingly more reliant on the good graces of the people who do work.

In our current corporate welfare-driven society, all people and entities dependent on the government dole are the benefices of mal-investments. The idea of TOO-BIG-TO-FAIL now drive the economy, Bankruptcies have almost become illegal for certain corporate entities, and being that voters are being enticed to vote for government welfare, the mere thought of austerity measures appears to be a relic from a bygone era.

People be warned, more money be used to buy fewer stuff is economic DEFLATION, price inflation is a creation of government and only occurs when a central power has control over the money supply. The one thing I like about Bitcoin is that it’s a reminder, that Legal Tender laws should be OPTIONAL Tender Laws It doesn’t matter if money is backed by Gold, once the government has control over the money supply they can redefine EFFICIENCY, redefine economics, redefine financial education and socially engineer society into believing that their rule by decree fiat money isn’t one of the drivers of poverty.

If money was Gold and Silver or something tangible, humanity would have to be reliant on INNOVATION instead of Government decrees, which as you can clearly see are fueling poverty. Not only are bad Govermetn ideas fueling poverty, their minions who are also the beneficiaries are making sure the “Wealth Effect” remains strong in people’s minds.

Resilient shoppers push retail sales up 0.7% in September | abcnews

Interesting times ahead