“You follow drugs, you get drug addicts and drug dealers. But you start to follow the money, and you don’t know where the fuck it’s gonna take you.”–Det. Lester Freamon
Not really. Not with the COVID inflation. Over the last few decades sure. But rent and food doubling was corporate greed. We have them on their investor calls bragging about it.
I don’t think the federal reserve is active outside the US. Also printing money was the cause of inflation when gold was backing the money, now the worth of money is only governed by what you can buy with it. Like you can double the amount in circulation but if no one raises prices there would be no inflation.
FED policies affect every currency on this planet as they are all backed by the usd… the consumer price index was designed to under report inflation. The basket would be CHEAPER every year because of improvements in production if there was no inflation.
There are a handful of currencies backed by USD but most are not. I only know of Belize dollar, the Hong Kong dollar and the Dirham as backed by USD, as far as I know those are the only ones.
Do you think stores look at the inflation and raise their prices accordingly or do they raise their prices and inflation is calculated based on that? One of those is correct.
Stores don’t look at inflation, inflation makes the stuff they sell more expensive to buy, so they have to sell it for more money or make losses.
Oh wow, stores must suddenly be buying their materials much cheaper recently when they realized they need to charge less, right?
Or did they just realize the market won’t bear what they’re charging, so they’re lowing their prices to get more business and lower the margin on their sales?
Hint, it’s the second one. Because stores are raising prices to increase profits, not to make up for increased ingredient costs.
So what makes the stuff stores buy more expensive? Like you can create a chain of price raising as far as you want but ultimately it’s just someone deciding to raise prices and that creating inflation.
Again, only a handful of countries own US debt and I don’t even know how US debt interest rates are going to connect to inflation in other countries. Like China and Japan are the largest debt holders and their inflation is vastly different.
Nowhere near as much as price gouging does. The people selling wares decide the price of them regardless of the money supply, which is mostly meaningless in a predominantly digital economy.
The fed affects the interest rate, which has an indirect effect on prices, but the ones actually deciding what to charge for food, rent, or utilities are the final arbiters artificially increasing prices higher than they need to in order to maximize profits.
Their ACTUAL profit margins are significantly larger and growing.
Their gross profits are up because money is worth less because of inflation. The purchasing power of those “growing” profits has basically not changed.
That’s just not true. And since this is the point where it’s clear that you’ll just keep repeating the same piece of misguided conservative orthodoxy over and over again, I’m gonna leave you to it.
Thanks to the corporations you shill for. I’d say I hope that they’re paying a fair price for your dignity and integrity, but paying workers fair compensation is not something most corporations do…
Nah, big banks can go fuck themselves with THEIR predatory practices too. So can the crypto scams you probably consider more reliable than real currency.
The bottom line is that the Fed doesn’t drive inflation anywhere near as much as it did back when most money was in cash.
Corporate profiteering, on the other hand, is at an all time high both in absolute numbers and with regards to driving inflation.
Are you aware of the legendary Ryan's Steakhouse story?
Hell, that thing might be an urban legend, but it's supremely well written and if I was in graphic design, that story alone would probably lead me to thinking that selling signs like this would be a good idea.
If you haven't heard it, a web search for "The Steakhouse incident" (with quotes) or "macaroni beef toilet story" (no quotes) will probably turn up yet another re-hosting of it.
Either he’s a teen or early-twen who can’t fathom how horrible cancer actually is or he’s sexually insecure, fears to like buttstuff and believes that’d make him gay.
Fun fact: IPA stands for Indian Pale Ale. They were called that because they were shipped from England to India during the ole’ days (1800s). The purpose was to preserve the beer via it’s long journey to India. They would mellow out during the trip.
Eventually some idiots locally decided the massively hoppy beer tasted good, so it became popular in England as well, but sold as “Pale Ales”. I’ll argue it was never meant for human consumption.
There ARE craft beers that incorporate less hops and I hate that craft beer is now synonymous with hops or IPA. I hate heavy hops, but love hefeweizens, weiss, stouts, brown porters, Belgian dubble/tripels, lambics, wheats, bocks…
Nah my local expensive hipster craft beer place usually has 6 on tap. One will usually be a UK style ipa, 2-3 others will be a mix of USA/oceana style pale ales. One local brewery and one non pale ale (blonde, Porter, stout etc)
He offered to buy it as a joke, and was forced to finish the transaction because he had taken it too far by actually signing contracts and putting money down. He was gonna go “Just kidding” and pull out, but then the courts told him that this already constituted a legally binding sell and if he tried to back out now he’d go to jail for fraud.
I love me some IPA, right up till you start adding adjectives… Hazy? Juicy? New England? West coast? No. Beer, hops, yum. Get the rest of that nonsense out of here. As a home brewer I refuse to get my Adjective IPA palate.
This meme is propaganda. The primary cause of inflation is out of control government spending. In the wise words of Milton Friedman, “Every budget is balanced… If you want to know the real government budget look at inflation.”
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