This Is NOT Stagflation: Businesses say as many as 90% of candidates don’t turn up to job interviews and some quit soon after being hired – October 10, 2021,
Stagflation is characterized by slow economic growth and relatively high unemployment—or economic stagnation—which is at the same time accompanied by rising prices. That definition was taken by Investopedia. Rising prices-check, slow economic yes because of government lockdowns, high unemployment-yes but only because of government.
In eras prior, the socialists attempted to demonize the private sector for the economy failing, and the term stagflation was used to show why big government doesn’t work. Well in this era, Big government isn’t working but for entirely different reasons, in this era, easy lending has allowed the private sector to function, what’s causes the high unemployment appears to be 2 factors, one being the government benefits for not working and the second is the rising cost of living.
In August 2021 “Time.com” wrote an article titled “The U.S. Saving Rate is Soaring”
How Has the Pandemic Impacted U.S. Savings Rates? | time.com
Now, if you know anything about price and wage controls, you’d know that rental controls as an example can benefit people who save money. If there’s a cap on rental controls and let’s imagine you got free money from the government during lockdowns, not only might you have paid down debt, you might have up to a year worth of savings.
Not to sound too political, but those of us who know better, know that the government likes to keep people in debt because people and corporations in debt are easier to control. Most real estate investors, most individuals in debt don’t want to rock the boat, in fact, a lot of people in student loan debt would love to see their debt wiped clean, which is one of the reasons a lot of students vote for the Democrats.
You don’t need to believe in Austrian economics to do basic math, when a weak person or weak people are in the white house and they’re not only pandering for votes, but they’re also rewarding bad behavior, people are going to take advantage. In most democratic-socialist nations, yes there are hardworking people, but there are also a lot of lazy people, MOST people who are poor are poor because of the choices they make.
If you’re not showing up to a job interview because you know the minimum requirements to qualify for unemployment benefits then that’s what you’ll do, you’ll adhere to the minimum requirements and head back home to your place of comfort and tell your unemployment insurer that you’re doing everything necessary to find employment but you’re not qualified for the job.
This is of course one of the reasons they’re trying to FORCE people to take the vaccine because the government over-regulated the economy. America and most western countries weren’t created to push a totalitarian agenda, even n the past when the government forced people to take the vaccination, a lot of people avoided it.
People forget how the world was prior to technology, prior to modern technology people were just as disobedient as they are today, but back then the media could push a narrative and because there was only a television or a newspaper, people were forced to believe it. In this modern era, government incompetence is on full display, and the mainstream media is trying to hide in plain sight.
Why I want people to know this is not stagflation is that there’s an attempt to blame the private sector when there’s stagflation, this is not the doing of the private sector, the private sector IS HIRING, the private sector is doing everything the government asks it to do, what’s happening to the government has OVERLY REGULATED the economy and it’s causing economic DEFLATION.
As I like to point out, economic deflation causes FIAT PRICE INFLATION because the government doesn’t work for free, in fact, the governments of the world in the face of economic deflation that they caused want to raise taxes and raise the cost of living, this is not stagflation, this is overt incompetence because the governments of the world want to reward themselves for their stupid ideas.
Interesting times ahead!
