Travel With Higher Prices
Back on the road for travel with higher prices. Time to talk about the basic causes of high inflation and what’s ahead for nomads. Revisiting some topics from earlier podcasts. Listen to Travel-With-Higher-Prices-Bob Davis Podcast 1048.
Euphoria Back On The Road
Firstly even a short trip back on the road delivers the same euphoria and excitement longer trips delivered last year.
Things Have Changed
Second things have definitely changed.
People Don’t Understand What’s Happening
Even more after many discussions with people I’ve met recently there is clearly a lack of understanding what’s going on and what’s caused these prices.
All The Key Information Assembled Here
In addition I have not been able to find all the key information assembled in one place.
Therefore that is the plan for Travel-With-Higher-Prices-Bob Davis Podcast 1048.
The Cure For High Prices
Above all most of the time high prices lead to a recession.
Learn The Word Monetary
Certainly as Milton Friedman said Inflation is Always and Everywhere A Monetary Phenomenon.
Too Many Dollars
That is to say too many dollars chasing too few goods.
And inflation often leads to recession.
Good News For Nomads
Due to the fact that recessions often lead to lower prices things might be looking up for us nomads.
California Gas Gouger
Meanwhile the media and politicians don’t talk about high fuel taxes irrationally gouge working Americans.
For example California’s tax on diesel is 68 cents. On gas it’s nearly 52 cents.
Exxon Should Take A Lesson From California
Even the oil companies could take a lesson on gouging from the State Of California.
In short I took a short trip into the so called Golden State intending to head to Los Angeles.
Cash Leaking Out Of My Wallet
However I turned right around and came back to Arizona due to the amount of cash leaking out of my wallet.
Longer Stays and Free Camping Please
Most importantly it’s short trips, longer stays and free camping for this nomad.
There Goes The Punch Bowl
In addition as the Federal Reserve takes away the punch bowl and pulls the slats out from under the economy I’m cheering.
Stock and Real Estate Market Shocks
Finally what’s ahead for the world back home might be stock and real estate market crashes and inevitable job losses we nomads have our fingers crossed for lower prices.
No House To Lose Here
In short if you’re on the road full time you probably don’t have a house to lose or high rent to pay.
Why We Hit The Road
Moreover this was the reason many of us decided to hit the road.
It’s an important park of the nomad story.
Falling Off A Cliff
To sum up big market moves usually don’t happen fast.
But it’s kind of like falling over a cliff and grabbing branches on the way down.
As you fall you’re up and down but the general direction is down.
Good News The Media Won’t Tell You About
In conclusion that’s good news for nomads.
Maybe not so much for everyone else back in the world.
Travel-With-Higher-Prices-Bob Davis Podcast 1048
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