EDITORIAL written 8/6/22.
This is a station editorial, I'm Randal J. Miller, station president.
The word INFLATION is one we hear practically every day in the news.
And, of course, both political parties are blaming each other for it.
Truth is, no matter where you go or what you buy, you're feeling its effects.
I want to delve into the WHY we have the inflation rate at plus or minus 10 percent over the past year.
It's simple economics, capitalism, and the marketplace.
Reason # 1 of 2: When BOTH parties pass legislation borrowing or printing over 2-trillion, that's trillion with a "T", dollars to pass out claiming the country needed it in 2021 despite signs the economy was doing OK, that's going to cause inflation, and a lot of it.
Reason # 2 of 2: When politicians shut off the domestic oil spigot because the majority party is realizing that, instead of having 4 years to pass their green agenda they now have less than 3 months, they've got to stop anything that will increase the domestic oil supply, and more, begin ramping down anything that burns fossil fuel. The problem is, when you shut down increased production of fossil fuels, that still power homes, businesses and factories, you can't ramp up the green agenda to generate power fast enough. Wind and solar aren't being built quick enough to replace the fossil fuels the majority party are shutting down.
That's why one of my transmitter site power bills last month went from $1200 to over $3100. OUCH.
Well, there you have it. Simple economics, capitalism, and the marketplace. And when politicians tamper with it, it turns it into a MESS, and is hitting OUR pocketbooks and will continue to do so for quite a while.
When the marketplace is LEFT alone WITHOUT any tampering by government, it works pretty well.
When government—whether it's federal or state—DOES tamper with it, you and I will be paying MORE for our energy, goods and services, for a LONG time.
That's our opinion, we welcome yours. Our e-mail address is email@example.com.