CPI jumps 5% in May of 2021, fastest since 2008

https://twitter.com/ewarren/status/1754966149022756867
3ibjPju.png
 
Just to point out how bad the money supply got that caused this I'll mention the M2 has actually decreased ( savings depleted) about 1.6 percent per yr for 2 and it hasnt done anything for inflation because it was jacked up so far by multiple increments. we will see what the future brings , until then for entertainment purposes go look at the grocery store and price a new truck,
 
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Occam's Banana said:
https://twitter.com/ewarren/status/1754966149022756867
3ibjPju.png
Click to expand...

https://twitter.com/ThomasEWoods/status/1755613275126182386
to: https://twitter.com/ThomasEWoods/status/1755613297284641033
{Tom Woods @ThomasEWoods | 08 February 2024}

Elizabeth Warren, like virtually all gov't officials, wants you to think the pain you're feeling at the store is caused by greedy businesses taking advantage of you, and has nothing to do with the Fed.

Unfortunately, her opponents are doing a lousy job answering her.

Her latest complaint is over "shrinkflation," whereby instead of raising prices, companies decrease the amount of product in the package (as when, for instance, a piece of chocolate becomes smaller).

Either via shrinkflation or via rising prices, businesses according to Warren are taking advantage of consumers.

This is juvenile.

Any business wants to set its price at the profit-maximizing level. A higher price is not necessarily the profit-maximizing price.

McDonald's, for instance, does not want to be charging $18 for a meal in some markets. This drives its natural constituency away, as survey data is revealing in abundance.

Some sectors of the economy can see their prices rise because of changes in taste, or sudden disruptions (caused by war, natural disaster, etc.), or other such factors.

But the only explanation (barring a sudden fall in money demand, which would itself require an explanation) for rising prices across the board is an increase in the amount of money in the system.

And this is why some of the MAGA people are also getting it wrong. Rising energy prices cannot cause price inflation across the board. Rising energy prices leave less money to spend on other things, so prices are a wash.

Only more money overall can raise prices everywhere.

The regime would like you to think that you are suffering because of every reason in the world EXCEPT the central bank it created and endowed with a monopoly.

It's evil companies, it's "greed," it's "cost-push," whatever. It's all bullshit.

Now when you take an anti-Fed position, you can expect to be told: the Fed's wise management of the economy has given us more stability, as well as fewer and shallower recessions. What, do you want to go back to the wildcat 19th century?

You should be prepared for arguments like that. Hence my free eBook Our Enemy, the Fed:

OurEnemyTheFed.com

l5ixnNZ.jpg

​
 
Occam's Banana said:
No, not just "Doritos".

Fewer Doritos - in the same-size bag - for the same or higher price!

Get it straight. :rolleyes:

;)
Click to expand...

Looking like doritos only for the top 10 percenters by 2025 , here peasants can get a bag of fritos at dollar store for 6.41 , but no bean dip.
 
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food inflation still rising fast , up about a half percent last month , gasoline up 40 cents here today as oil marches back towards 79.00
 
Seems right , 3 in 5 would be about the exact ratio I suspect of communist- socialist type voters in country
 
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