bsharma – I’ll agree with you that the powers that be are attempting to implement the hyper-inflation that you appear to be hoping for
if they succeed, bread will be about $12 to $15 per loaf and a gallon of milk will probably run about the same
these prices will clearly be unacceptable so the government will have to subsidize food costs for a large percentage of the population
these new food subsidy programs will require money so the govt will have to run the printing presses even faster thereby creating more inflation
this new inflation causes the real price of bread and milk to rise to $20 per loaf and gallon
it is still unacceptable for poor people to starve in the streets so the govt increases the size of the food subsidy programs
the expansion of the food subsidy program costs money so the govt runs the printing presses even faster which causes more inflation which causes the cost of bread and milk to go up which causes …..
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it is intuitively obvious to the most casual observer that Keynesian economics is logically flawed – it is fortunate for the powers that be that most Americans choose not to use the grey matter inside their skulls
