Tuesday, September 19, 2023

Coping with Inflation

Illusory Bidenomics to the contrary notwithstanding, inflationary times are upon us. Prices are rising, mostly faster than wages, and the dollar buys less every year. 

What is the age-old wisdom for coping with inflation? Own assets with resale value, the value of which will escalate. Preferably things which don’t lose value with age or use, land being a prime example. Don't hold large pots of cash or cash-equivalent instruments which will lose value, and deflate.