The Stolen, Lost Time Indexed by Inflation
(index)
Inflation
Cheapens Your Worktime: If you save 100 hours of wages but inflation
reduces the saving's buying power by 50%, it is as if you only worked half
of the time. Inflation steals the sweat of your brow. An annual 10% inflation
rate without a corresponding wage hike effectively cuts your 40-hour workweek
to 36 hours of compensation.
Unemployment,
the worst kind of inflation: Whereas a 10% inflation
rate effectively cheapens a worker's workweek income by 10%, unemployment
imposes a 100% inflation rate. The cheapening nature of inflation
can be seen in its semantic cousins, flattery and flatulence.
Inflation
is an inflated word
(poem):
One has more money but less buying power. Why? Economist forget the origin
of currency: What is your time currently worth. Thus, they
don't strive to keep the symbols of worktime married to
substance of worktime. Wealth becomes divorced from worth. Privileges
(private laws) are legislated by the re-election of addicted public law-makers
to enrich their contributors. (see
Currency:
Symbols or Substance).
Monflation:
More money chasing same amount of goods and services. When politicians
turn on the money presses to spend their way out of economic problems. A
historical lesson: "Nothing prepared the German people for the excesses of
Hitler as the Inflation."
Sinflation: Same money chasing shortage of goods and services. Politicians
enable greedy corporations to metastasize false shortages, e.g., Enron,
steel, food, gas and oil. Sinflation will become a bigger component of overall
inflation as our CO2-sins against Mother Nature causes her droughts, deluges,
fires and storms to destroy global agriculture: Shortages of food in an
overpopulating world.
(If this is a truncated version of the essay, visit www.DumbFed.org for the
full essay.)