05/12/17

The Cost Basis of our Economy is Spiraling Out of Control



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The Cost Basis of our Economy is Spiraling Out of Control
// Silver For The People

charleshughsmith.blogspot.com / CHARLES HUGH SMITH / MONDAY, DECEMBER 04, 2017

What will it take to radically reduce the cost basis of our economy?

Clearly, both rising costs and stagnating income cause households to lose ground, i.e. their income buys fewer goods and services every year.If we had to choose one "big picture" reason why the vast majority of households are losing ground, it would either be the stagnation of income or the spiraling out of control cost basis of our economy, that is, the essential foundational expenses of households, government and enterprise.
I've often covered the dynamics of stagnating income for the bottom 95%, and real-world inflation, i.e. a decline in purchasing power.
But neither of these dynamics fully describes the relentless upward spiral of the cost basis of our economy, that is, the cost of essentials and the foundations of the economy: education, healthcare, energy and labor.

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