"Shrinkflation" -- A Result of The Shrinking Value of The Dollar

[Brian4Liberty]

"Shrinkflation" -- A Result of The Shrinking Value of The Dollar

When politicians spend money that they don't have ($34 trillion+) the Fed has to counterfeit money into existence. Everyone then has to adapt to the dollar losing value. Companies too have to adapt, by cutting costs and via "shrinkflation" (i.e., charging the same amount for less product). The companies aren't being "greedy." They're just adapting to actual greed -- politicians spending money that they do not have.

 

[pmbug]

"Fiat working as intended" - Federal Reserve /sarc

 

[Brian4Liberty]

"Fiat working as intended" - Federal Reserve /sarc

Biggest scam in the history of the world. Right up there with war. Actually, they go hand in hand.

 

[Occam's Banana]

https://twitter.com/ewarren/status/1754966149022756867

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

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[Occam's Banana]

This is not naturally-occurring stupidity.

It is willful and deliberate.

https://twitter.com/ewarren/status/1757170616602390727
& https://twitter.com/ewarren/status/1757170617994867099

 

[Occam's Banana]

https://twitter.com/thehill/status/1758085267880075488

 

[GlennwaldSnowdenAssanged]

Any individual that is concerned about waste or pollution or carbon... Should not be condoning mini size packaging of items. Packaging and selling 16 cups of milk instead of 1 gallon is a total waste.
Oh but wait. Government to the rescue. They will tax manufacturers that do not package to the new packaging standards. That will show those greedy corporate, capitalist, Mothers!

 

[Occam's Banana]

Inflation: Causes, Consequences, and Cure
https://mises.org/events/inflation-causes-consequences-and-cure
{Mises Institute | 17 February 2024}

While the government tries to hide the consequences of inflation in its official statistics, Americans see and feel it every time they visit the grocery store. The state and its media lapdogs try to blame inflation on corporate greed, but the true source of inflation is the Federal Reserve and the banking system.

Join the Mises Institute in Tampa for our first event of 2024 to discuss inflation’s causes, consequences, and cure. Our speakers - Tom DiLorenzo, Joe Salerno, and Patrick Newman - will uncover the state’s deceit to reveal what inflation really is: deliberate debasement of the dollar to create winners and losers. The main beneficiary is of course the government, but as the speakers will show, inflation infects the whole economy, creating business cycles, financial instability, and unending strain on household budgets.

[TABLE="class: grid"]
[TR]
[TH="bgcolor: #DCFEBA"]SPEAKER[/TH]
[TH="bgcolor: #DCFEBA"]TITLE[/TH]
[TH="bgcolor: #DCFEBA"]VIDEO[/TH]
[TH="bgcolor: #DCFEBA"]AUDIO[/TH]
[/TR]
[TR]
[TD]Tho Bishop[/TD]
[TD]Welcome: Inflation: Causes, Consequences, and Cure[/TD]
[TD]POST #2[/TD]
[TD]MP3[/TD]
[/TR]
[TR]
[TD]Thomas DiLorenzo[/TD]
[TD]Who Benefits from Inflation?[/TD]
[TD]POST #3[/TD]
[TD]MP3[/TD]
[/TR]
[TR]
[TD]Patrick Newman[/TD]
[TD]The Redistributive Effects on Monetary Policy[/TD]
[TD]PENDING[/TD]
[TD]MP3[/TD]
[/TR]
[TR]
[TD]Joseph Salerno[/TD]
[TD]Hyperinflation and the Destruction of Human Personality[/TD]
[TD]POST #4[/TD]
[TD]MP3[/TD]
[/TR]
[/TABLE]

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