Posted on 08/13/2024 10:23:50 AM PDT by yesthatjallen
‘Refusal’? More like ‘Inability’!
The cure for high prices is high prices.
$.99 should have been $6.99
Exactly! The noble American fights inflation by not buying things.
He fights unemployment by giving up.
He will save Mother Erf by freezing in the dark.
Econ 101 - if an inflationary spike is falling because consumers aren’t buying, the economy has gone into a RECESSION
The Federal Reserve and US Government Traitors created the US inflation spike, and drove it through the heart of America, so Americans can go without Food, Medicine and Fuel to bring inflation down.
Count on the Associated Presstitutes to hide the culprits and blame the producers.
covid money + pent up demand from lockdowns led to increased spending which is primarily what drove up prices.
I try not to buy/keep paying higher prices on many items. Have also developed a couple more affordable habits for food. But I don’t know what to do about eggs and butter, both of which just keep going up and up.....
The 2% inflation target pisses me off. If everything goes right, you lose 2% of your wealth every year.
How about a 0% inflation target?
Not feeding their children allows Americans to maintain their household budget.
So the hurting American people are to blame for not spending money they don’t have for things they don’t need.
That is not how any of this works.
General inflation is caused by government debasing the currency. As long as government keeps doing that, prices go up. They do not come down.
What comes down is supply. Businesses cease operation because they have no customers who can afford their goods or services. Living standards decline for most people.
That is what is happening now.
Paying prices or not paying those prices, neither action has anything to do with making inflation but are results of inflation. Inflation without an adjective is purely the creation of excess money. If you don’t pay the higher prices it doesn’t go away. When the often manipulated “consumer price index” is the official measure of inflation it is a misalignment and wholly misleading. Prices go up and product size goes down or products disappear from the market as inflation causes consumers to continually reassess their “needs.” In an inflation it is wages that always go up last and never recoup all the loss of value.
This is accurate .
I won’t spend $9.00 for a fast food meal.
I can eat a apple, cheese sticks and some healthy whole grain chips for a bunch less
Surprise! There is elasticity to prices! When we run out of money we have to stop spending somewhere unlike the gooberment who just prints or borrows more. A lot of things we buy will just be junk for someone to dispose of when we die anyway. Most of it we don’t need and can do without. There are some things, like cars, that have gone through the roof out of proportion and need to come down from orbit. We will do without a new one for quite some time.
“inflation” is not the same thing as “prices going up”. Inflation is when the size of the monetary supply rises faster than underlying production of goods and services.
In the 1970’s there was inflation, but somethings went up in cost even faster than other things. Everyone knows about the oil crunch, but coffee and sugar also had bigger than inflationary price spikes. Some people either cut back on the consumption of coffee and sugar, or sought out alternatives like tea. I remember one Halloween the sugar price increase (which also affected “fun size” candy bars) affected my haul that year. My parents’ Charles Chip route went under because storms in Idaho caused a crop of bad potatoes that were undersized and green, making for inferior chips at a higher price. My parents lost customers and orders shrunk among the remainder.
If an oil embargo or a bad harvest results in scarcity, that is just the supply/demand curve, not inflation. But when the supply of the thing (fiat money) that purchases all those items goes up or down, that causes inflation or deflation. There is a floor on deflation because folks will resort to direct barter instead of fiat money (does kill investments and some capital expenditures). Inflation just means stored wealth is worth less and is in effect a tax.
When Joe Biden blames inflation on price gouging, he is dead wrong, even if an oligopoly of refiners or distributors were truly price gouging, because the money otherwise retains its value.
pent up demand drove up gas prices along with everything else
I myself have taken 7 amazing family vacations since Covid, to make up for those we missed during it
False prophet media is in gaslighting overdrive.
This was the way it was going to be spun from the beginning. People arent CHOOSING to stop buying things- the debt has accumulated from spending money they dont have and cannot exptend it any further. Consumer debt at record high and personal savings in the tank.
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