June 15 2022 - Greedflation

 

The New York Times declared that greedflation was occurring in the minds of Democrats who want to attack it with a bill.   It describes some of the common expressions: "Inflation describes widespread price increases over time on consumer goods and services. A recession is when the overall economy slows and typically includes simultaneous and lasting declines in income, employment rates and gross domestic product. Stagflation is the unfortunate combination of both inflationary price increases and a broad economic downturn." But what in the world is “greedflation” and why has it become a thing? What are all the "Flations"? inflation - act, instance of, state of expansion or increase in size deflation reflation - increase in economic activity afflation - blowing or breathing on efflation - filling with wind biflation  insufflation - blowing or breathing into something  And then some more: hyperinflation underinflation overinflation insufflation slumpflation - inflation accompanied by a slump in output and employmen- disinflation - a marked deceleration in the rate inflation stagflation reinflation conflation Here's perhaps the best:  mudflation - the gradual decrease in the value of existing virtual goods in a massively multiplayer online game as new goods are introduced Greedflation is not in the online listings of words ending in "flation" - it NEW! The Times described it as "a term of art for corporate price gouging that’s been in vogue of late and particularly among Democratic Party leaders who are pointing to it as a noteworthy driver of ongoing, record-high inflation across the U.S." It is fascinating to see all these definitions. It seems to me that inflation started as a medical and scientific term.  It moved into the economic realm - in the 1860s.  Here we are in 2022, and we can mark its movement into the political realm.  Is politics a descending realm? This is my theory.   Two weeks ago I went on a garden tour, and this garden below was on the tour.  I was  shocked at how much the garden has changed. I went to my archives from 2014, when it was Squirrel House Garden.  It is whimsical elements like these that are gone.- the property was sold shortly after these pictures were taken.

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