Notes On Attention Paid

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An article on inflationary pressures

… in the back of my mind i have been thinking what the article argues… that the flood of money washing through the population has led to higher prices, or dollars that are worth less… the article says it was predictable, though also says there are other factors at work… it bemoans government intervention due to the pandemic, but really, some action on the part of the government was necessary in my humble opinion…

… i wonder about the new hard infrastructure bill spending and the soft infrastructure bill spending should it be passed…

… i worry that the escalating price of goods will dominate the psyches of people, rather than the demonstrable, but less viscerally felt, improvements in their general condition… new and repaired bridges and roads won’t be noticeable for some time to come… a lot of it not till after the current administration has expired… hopefully more employment and better wages will happen quickly to improve the mood of the public…

… i have commented to H that i haven’t perceived a significant escalation in prices in our grocery buying (which i am largely in charge of)… but maybe i have, and because we are resourced, i haven’t noticed it as much… i have been writing down what we spend so i suppose i could go to the data and see…

… my theory has been that we buy from the high end sources where prices are already high, so maybe prices don’t need to escalate as much there?…

… Reason.com is libertarian in orientation, is a strong supporter of unfettered free markets and a strong proponent of minimal to non-existent regulation of the market… i would expect them to blame the Biden/Harris administration more than the set of conditions brought on by the pandemic, which were inherited… i wonder what The Economist will have to say about this issue…