Sunday Is For Sunflowers

Friday night I went to a small art show, a one man show, and the artist was a man, to see an old friend from the local art scene. This woman was the director of the Carnegie Art Center in Covington, KY in May 1992, when I exhibited my early paintings from 1988 to 1992. All of those paintings were done in oil on board. There was one piece that I did on paper, a stamp, that I encouraged everyone that came into the gallery to see my paintings to sign. Later, I had that piece framed. It is interesting now to look at that piece because a number of the people that came to that exhibit are no longer with us. Notice that it cost 29 cents to mail a first-class letter in 1992. Now to mail that same letter it costs 44 cents. That is what happens when you have a monetary policy that is run for the benefit of those that use leverage and borrow to the hilt. But, people don't want to know about monetary theory or monetary policy, we will leave that to the smart folks in Washington. Right? When I was a little boy, it cost 5 cents for a candy bar. The same candy bar costs a dollar today. And, economists want to know why people don't save their money in a savings account. You might as well invest it in a good stock like Cincinnati's P&G and let it appreciate over time with inflation. P&G will raise their prices and as they raise their prices their earnings per share (EPS) will go up and since stocks sell at a price earnings ratio (PE) the price of P&G will go up. Now if Congress and the Lobbyists don't fuck you over, at the end of 30 or 40 years, you should have hedged yourself against inflation. But we all know that already. Right? So, as you celebrate Labor Day tmorrow, think about how you are going to hedge against the inflation that is coming soon to a theatre near you. Happy Labor Day ya all!