Ed Innovations
Inflation Expertise and Consulting
Travis Turner, M.S., Esq. is a leading inflation expert and consultant in multiple sectors including private sector (economics/business), government, military, and education. Travis Turner has decades of legal experience, innovation, business, and consulting experience, and can solve problems that few others can. This is because your business team might understand business terms while your legal team understands legal issues.
Most problems in the modern economy require both a business side and legal side solution that works together as well as strong grounding in economics. The same is doubly true in the government sector. Siloed business and siloed legal solutions are ineffective. His contract experience is invaluable in case you need to renegotiate a contract to deal with rising inflation and unexpected cost shifting. Travis Turner has worked in a number of industries and is comfortable getting up to speed in new industries as cross-industry work has been a core strength working in bankruptcy (multiple industries), in innovation, and in law in multiple industries and is available for interviews on solutions for inflation for news articles or online sources.
Novel Economic Theories to Lower Food and Housing Inflation
Travis Turner has multiple layers of understanding of inflation. Besides the three traditional causes of inflation that are macroeconomics oriented such as federal deficit, trade deficit, and quantitative easing, there are several microeconomic causes of inflation that have federal, state, and local government solutions.
One example is that municipalities restrict the “right to farm” with various farming limitation ordinances. There should be a federal “Right to Farm” executive order that overrides these excess, “local interest” focused right to farm ordinances causing hundreds of thousands of farmland acreage to suddenly become available for farming. This would cause a dramatic increase in food production with larger agricultural yields, causing food prices to drop dramatically.
Second, there is a shortage of agriculture, dairy, meat processing facilities, and timber mills that are not controlled by oligopolies. The federal government needs to create incentives for the creation of more processing facilities and to keep them from being merged into existing oligopolies. More processing facilities would create thousands of new agricultural buyers, which in term would incentivize more farm products, meat, and timber raw source material production, causing food, meat, and housing prices to fall. This could be accomplished by an executive order offering tax incentives and a waiver of certain federal laws to encourage new capital investment.
Federalization of Higher Education
The giant cost of higher education is caused by the federal subsidization of higher education tuition. There needs to be an executive order that substantially limits professor and dean salaries in all higher education as this is where the bulk of the federally subsidized money goes. This would cause higher education tuition to fall dramatically.
By way of illustration, without federal student loans, there would be $1 billion available to higher education through private education tuition payments. But with federal student loan availability, there is an addition $10 billion. The availability of “free” or low-cost federal money has caused the market price for university tuition to swell 10X. Instead of a college education costing $10,000 a year, it costs $100,000. It is 100% caused by the federal subsidization of the higher education market. In addition, there is zero professor accountability for student marketability and job market performance as tenured professors can work well the limits of their productivity.
In economics theory, price controls are bad because they restrict supply and cause demand misallocation in the private sector. If you price control apartments, you soon get slums as landlords cut repairs and investments. However, when a market has been federalized through cost subsidization, then federal dollars need to be removed such as by limits on salaries in higher education.
Federalization of the Healthcare Market
To prove this point – that federal subsidization increases costs – review the healthcare market.
Physicians and hospital bills are federally subsidized through Medicaid and Medicare and other means, increasing the money available to the entire market by over $1.0 trillion a year.
In contrast, both dental bills and optical bills are NOT federally subsidized. You can solve a personal optical problem each year for less than $250 total. A personal dental issue can be solved from $200 to $1500. In contrast, a problem that requires hospitalization costs thousands or tens of thousands of dollars.
You can call up an optical provider and you can figure out your bill, to the nearest ten dollars. No one complains about optical bills, yet they are by far the most important medical treatment you could ever receive. No federalization, no out-of-control prices.
Second, you can call a dentist office and determine your dental bill to the nearest hundred dollars. The presence of dental insurance makes dental pricing hard to determine compared to optical, yet easier than physician or hospital pricing.
Yet, for hospital bills, you can’t figure out your bill at all. As a result, there is no price shopping and price comparison though recent HHS rules are changing this. There needs to be better price transparency at the physician and hospital levels.
Leader of #NationalDebtPayoff Movement
Travis Turner is a leading force in the #NationalDebtPayoff movement. We encourage people to pay directly to the Internal Revenue Service or US Treasury voluntary free will offerings in addition to your current required payments. By making additional payments into to the federal government, the #NationalDebt could be brought under control and inflation would abate.
The National Debt is causing the US inflation problem.
Political solutions that involve government subsidization markets makes them less affordable. Medical, education, and housing are all federally subsidized and these are three most expensive markets by far. Reject these government solutions as “soft creeping socialism”. Government subsidization floods markets with cash and removes private price shopping and price transparency. Cutting federal subsidies will deflate these inflated market bubbles with inflated service prices.
For example, pre-federalization, a doctor used to visit your home for a small fee and physicians did not make gigantic salaries. Pre-federalization, the healthcare market was affordable.