Posted on 09/23/2017 6:24:24 AM PDT by Kaslin
Food prices go up, and package sizes get smaller.
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Yep, pay more get less.
I can tell you are a frequent shopper! :)
My econ prof was terrible at spelling.
The bastard is saying that wages are not going up thanks to the Republican congress.
The idiot thinks that inflation is a good thing. It’s not. It’s the continuing loss of purchasing power of money. Where there is no money, there is no inflation.
The fool doesn’t realize that the rise in prices and salaries is not a good thing.
Politicians love inflation. When the public complains about rising prices, they blame it on some mysterious external force, by saying stupid things like “Prices are rising because of inflation”. (Inflation = rising prices).
Inflation allows the politicians to crow about how some indexes are rising (stock market, GDP, tax revenues) as it were a good thing, while in reality the numbers are going up because the dollar has lost its value.
The only things that count are the things that don’t count.
Every public policy initiative in the last 30 years has been designed to keep wages down. It’s worked.
Republicans and the cheap labor express have flooded the USA with an oversupply of workers and Democrat voters.
It showed up about 8 years ago.
Many different versions of the CPI are calculated, both with and without food and fuel. Which one gets pumped up in the news changes, but the main one which affects things like automatic Social Security cost of living adjustments do include food and fuel. The big January 2009 and two years of 0% increases were caused by a spike in gas prices in the summer of 2008 (remember $4 gasoline) which was gone by December.
Did you buy it at the higher price?
Bacon inflation! This could be a national disaster!
Inflation is the decrease in purchasing power of a currency.
The cause is sometimes hidden by the actions of the government. Historically, major inflations have been caused either by wars (see the American revolution, or Civil war), or really horrible government (see Zimbabwe or Venezuela). The inflation caused by WWII was somewhat hidden by price controls. It became evident after the war when price controls were lifted.
Modern inflation in the US is caused by the government hindering economic growth with burdensome regulations and too much taxation on productivity combined with wasteful government spending. This causes the government to create money faster than economic growth, which devalues the currency and causes inflation. Market based growth fueled by increased efficiency is actually deflationary. Growth caused by population growth should be neutral, or deflationary if economies of scale are considered. Market based wage increases aren’t inflationary either. Therefore, when the government and their media blame inflation on economic growth and wage increases they are lying, but it sure does a great job of hurting the middle class over time, and it masks the crooked behavior of our political ruling class.
No. Not because I'm trying to send a statement or impact my little corner of the Supply and Demand world. But simply because I'm cheap. :)
the Fed and Govt publish so many Fake Statistics that they eventually begin to believe their own lies
anyone who has not noticed all the inflation in the REAL costs of living in the last 7 or 8 years has been BLIND
Seriously, bacon costs as much as steak.
I think too many economists have cause and effect backwards from the Great Depression. The economy collapsed causing panic and prices to drop. So now whenever prices drop or don't rise fast enough they panic thinking the economy will collapse.
I read some economist who said the natural rate of inflation is about negative 0.1% from productivity gains. Anything above that is someone manipulating the money supply for their benefit and your detriment.
I buy food like I am day trading.
I only buy an item when price is down.
Food, energy, AND housing. The 3 most basic needs. 5 years ago, the average 3 br. house in my area rented for $1200. Now it’s $1700.
Maybe we need a better definition of inflation,but from the standpoint of a senior on Soc. Sec. seeing rising prices on the necessities,smaller quantities in packaging for the same or higher price,& the same old check coming in....to us that spells inflation. Maybe it can be defined in some other way,but to most consumers,it’s the same old story of getting less & less & paying more & more for it. I would agree with what others seem to be saying about how the CPI is being figured.
Economics is the most over-hyped, misunderstood, and dangerous ‘discipline’ in the world. Any economic theory that may be true on monday may very well not be true on tuesday because something has changed. And that ‘something’ may simply be attitude. A ‘desirable two percent inflation’ is a lazy cover for real growth. Also it is a hidden transfer of wealth from earners and savers to the government. Get Real! Voodoo does not even begin to describe any form of economics - theoretical or applied.
Time for Saturday morning bacon fest with fresh ground coffee. One of my few pleasures I aint giving it up yet. Daily’s thick slice applewood is $9.75 for a pound and a half.
Dont let the bastards grind you down!!
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