When Your Survival Guy was a kid, a candy bar was twenty-five cents at the Mattapoisett Pharmacy, as was a scoop of ice cream at Oxford Creamery.
As Milton Friedman explained, “Inflation is always and everywhere a monetary phenomenon.” So to reduce it, the money supply, or at least its rate of growth, must be reduced. The rate of growth of M2 has climbed to 5.58% and shows no signs of slowing unless Chairman Warsh takes action.
You and Your Survival Guy know you can’t get much relief from inflation, but you can go to Costco for a dollar fifty hot dog. Another way to slay inflation is to increase your own money supply. It’s what you’ve been doing your entire life, working and saving, and you shouldn’t let retirement stop you in your tracks.
Action Line: When you want to talk about inflation and your portfolio, email me at ejsmith@yoursurvivalguy.com.
Read more here: Your Survival Guy’s RAGE Gauge: Slaying Inflation
