We put it on aluminum only. USA has a 50% tariff on it.... Aluminum in Canada is way cheaper than in USA. Most things are cheaper to buy elsewhere than USA these days with how hard inflations hit and with the additional tariffs USA are taxing their customers
The printing of money (inflation) is a huge issue that needs to be fixed. Not really a laughing matter. Imagine working hard your whole life to the point where you are old and tired and you retire and are living off of your savings and social security check. Well guess what, all that you saved and that check you are getting is now only worth half. Everyone had the rug pulled right out of underneath them and they don't even really know.
Imagine working 40+ years, saving diligently, doing everything "right," only to have the government and Federal Reserve essentially confiscate a substantial portion of your life savings through monetary expansion. They didn't break into your account, but the effect is the same: your money is worth dramatically less.
Learn how inflation erodes purchasing power and impacts retirement planning. Discover strategies to protect your savings and maintain your standard of living as costs rise over time.
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Learn how inflation affects your retirement savings and investments. Discover strategies to protect your financial future.
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As individuals approach retirement, one of the most pressing concerns is ensuring that their savings will last throughout their golden years. While many factors can impact retirement funds, inflation often goes overlooked. This article explores the effects of inflation on retirement savings, how...
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From December 2019 to December 2021, the U.S. money supply (M2) increased by 41%, which was the largest increase in modern American economic history
The remedy is to stop printing money now, not to blame inflation on greedy companies.
www.ocregister.com
This happened during the Trump and Biden administration with the knowledge of both the democrats and the republicans in congress. The president only has influence but no direct control over the process of printing the money anyways. It is the The Federal Reserve System which describes itself as "an independent central bank that sets the interest rates and makes monetary policy decisions which do not have to be approved by the president or by anyone else in the executive or legislative branches of government."
The Federal Reserve made the decision to dramatically increase the money supply, and this is widely acknowledged as a major contributor to the inflation that followed (I would argue that it is the main contributor to the inflation we have in the USA by a long shot). Milton Friedman famously stated: "Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output"
The Basic Theory
The relationship is described by the quantity equation:
MV = PY, where:
- M = money supply
- V = velocity of money (how fast money circulates)
- P = price level
- Y = real output (goods and services)
If real GDP is growing at 3 percent per year and velocity is growing at 1 percent per year, then a 4 percent annual growth in the money supply will lead to an inflation rate of 2 percent.
https://www.hoover.org/research/inflation-true-and-false
With a 41% increase in money supply over roughly two years, even if the economy was growing normally (say 3-4% per year), you'd expect significant inflation from the math alone. The COVID disruptions and supply chain issues likely made it worse, but the massive money supply increase would have been inflationary regardless.
The Covid-related inflation episode was yet another illustration of Milton Friedman's adage that 'inflation is always and everywhere a monetary phenomenon'. Leading central banks organized quantitative easing which led to 2020's money explosion and were therefore responsible for annual inflation peaking, after a fairly standard lag of about two years, at close to or above 10% in many countries.
https://iea.org.uk/publications/the-quantity-theory-of-money-a-new-restatement/
What the Fed Did
On March 23, 2020, the Federal Reserve announced an unlimited quantitative easing policy. In the subsequent two years, the Fed created (printed money out of thin air) $5 trillion that they used to buy bonds from the Treasury, increasing the Fed's balance sheet from $4 trillion in the spring of 2020 to $9 trillion in the spring of 2022.
https://www.cmegroup.com/openmarket...titative-Tightening-to-Address-Inflation.html
Those actions contributed to the doubling of the size of the balance sheet, increasing the par value of assets held by the Federal Reserve from $4.2 trillion in the last quarter of 2019 to $8.8 trillion in the fourth quarter of 2021.
https://www.cbo.gov/publication/58457
Inflation = When your money is worth less
"If tomorrow, the Federal Reserve announced that it was printing new
paper currency and would give holders of U.S. dollars two dollars for every one dollar they turn in, what would happen to prices? They would double"
https://www.ocregister.com/2022/01/...re-nuanced-than-biden-or-his-critics-suggest/ --- This is essentially what happened, just more gradually. The 41% increase in money supply means that, all else being equal, your dollars should lose roughly 41% of their purchasing power—and that's basically what we saw happen with cumulative inflation.
The Hidden Tax
Inflation is often called a "hidden tax" because:
- When the government spends money it doesn't have, the Fed creates new money
- This dilutes the value of all existing dollars
- Everyone holding dollars gets poorer as their savings buy less
- It's a way to fund government spending without explicitly raising taxes
A central bank controlled by the executive branch could be prone to monetize the government's budget deficits as a way to avoid the more transparent cost of raising taxes. This leads to inflation, which is itself a kind of tax.
https://now.tufts.edu/2025/09/11/whats-federal-reserve-and-why-its-independence-important.
The Fed created trillions of dollars from nothing, and this made everyone's existing dollars worth less.
Sorry for the book. Again...