“Within the conservative movement, we’re seeing the beginnings of intellectual pushback against the ascendancy of national conservatism and its hostility to free markets. On the progressive side, there’s an interesting recognition among supply-side progressives that there are lots of state policies in place that act as barriers to achieving aims like decarbonization or providing more opportunities for disadvantaged people.”
While I hope that’s true, I haven’t seen any evidence of it & Bourne doesn’t really provide any.
It'd be funny of both political parties are bad but due to the crap educational system they've bestowed upon us, even intelligent people lack the ability to even consider that possibility, and thus end up defending that which causes harm.
At 70 I have lived through a number of inflationary periods. I am certainly not an economist but as a consumer I have watched prices rise but after the inflation cools the prices never actually return to anything near pre-inflation prices. In fact the prices remain higher and the packaging of food gets resized to keep the prices constant. Ice cream 1/2 gallon to 1.75 quarts to 1.5 quarts. Yogurt 8 oz. cups to 6 oz. cups to 5.3 oz. cups and now 4.8 oz..
I focus on food here because food and the price of gas seem to have the biggest impact on most Americans. In theory when you have an oversupply of something you have to lower prices. But "just in time" marketing means that "sales" are simply loss leaders to pull in consumers. Department stores buy a quantity of shirts and mark them up and then immediately mark them down to "half off" but that price was their target price to start with. The savings to the consumer are a mirage.
So are we wrong to think that once you get passed the market of commodities and raw materials, the cost of labor and marketing where inflation would seem to begin the rest of "the inflation game" is just consumer exploitation and greedflation?
Go through a newspaper archive and laugh at the thought of 10 Hamburgers for &1.00 and a dress sale for $5.00 per dress.
“Within the conservative movement, we’re seeing the beginnings of intellectual pushback against the ascendancy of national conservatism and its hostility to free markets. On the progressive side, there’s an interesting recognition among supply-side progressives that there are lots of state policies in place that act as barriers to achieving aims like decarbonization or providing more opportunities for disadvantaged people.”
While I hope that’s true, I haven’t seen any evidence of it & Bourne doesn’t really provide any.
It'd be funny of both political parties are bad but due to the crap educational system they've bestowed upon us, even intelligent people lack the ability to even consider that possibility, and thus end up defending that which causes harm.
At 70 I have lived through a number of inflationary periods. I am certainly not an economist but as a consumer I have watched prices rise but after the inflation cools the prices never actually return to anything near pre-inflation prices. In fact the prices remain higher and the packaging of food gets resized to keep the prices constant. Ice cream 1/2 gallon to 1.75 quarts to 1.5 quarts. Yogurt 8 oz. cups to 6 oz. cups to 5.3 oz. cups and now 4.8 oz..
I focus on food here because food and the price of gas seem to have the biggest impact on most Americans. In theory when you have an oversupply of something you have to lower prices. But "just in time" marketing means that "sales" are simply loss leaders to pull in consumers. Department stores buy a quantity of shirts and mark them up and then immediately mark them down to "half off" but that price was their target price to start with. The savings to the consumer are a mirage.
So are we wrong to think that once you get passed the market of commodities and raw materials, the cost of labor and marketing where inflation would seem to begin the rest of "the inflation game" is just consumer exploitation and greedflation?
Go through a newspaper archive and laugh at the thought of 10 Hamburgers for &1.00 and a dress sale for $5.00 per dress.