expired Posted by phoinix | Staff • May 20, 2024
May 20, 2024 5:22 PM
Item 1 of 3
Item 1 of 3
expired Posted by phoinix | Staff • May 20, 2024
May 20, 2024 5:22 PM
12-Pack 12-Oz 7UP Zero Sugar Lemon Lime Soda
w/ Subscribe & Save$3.95
$5.36
26% offAmazon
Visit AmazonGood Deal
Bad Deal
Save
Share
Leave a Comment
Top Comments
It's so sad.
35 Comments
Sign up for a Slickdeals account to remove this ad.
It's so sad.
Sign up for a Slickdeals account to remove this ad.
It's so sad.
Our community has rated this post as helpful. If you agree, why not thank ThePublisher
Things cost more when they blow up the supply chain by not letting people work.
Sign up for a Slickdeals account to remove this ad.
Our community has rated this post as helpful. If you agree, why not thank astonerii
Things cost more when they blow up the supply chain by not letting people work.
The fact is that the act of printing money is NOT what leads to inflation, but scarcity. Now, printing money and putting it everyone's hands at once CAN cause scarcity, which then leads to inflation, but it is always and ONLY when people cannot gain access to a product that a bidding war errupts and prices increase.
The causes of the scarcity are legion, but at the end of the day, it is the scarcity and the bidding war that cause the increase in prices.
If the United States government printed $10 trillion dollars tomorrow and handed it over to the Ukraine, do you know how much inflation the regular American would see? 0, none, nada, nothing, UNLESS the Ukraine began buying up the products or interfering in the production of products, that American's would otherwise have access to. It is a simply fact of economies...
I get it. More money = inflation is a very easy to sell and buy theory. The problem is, that even billionaires can only consume so much bread, so many eggs, and so much gasoline... They also are not clamoring to pay $200 for a dozen eggs just because they have the cash or $400 bread.
Houses are not expensive in California because people have lots of extra money, houses are expensive there because of limiting of the construction of housing for instance. Too few house means pricing wars. When there are large egg laying die offs of hens, too much money in the system is not what leads to $7 eggs. Scarcity does.
The part of not letting people work is correct, that was part of what I said about the destruction of the global supply chains. Shutting down all those businesses had long well known consequences, and that is the disruption of the production and delivery of goods, the shuttering of businesses permanently and so forth, and the end result of that is going to be scarcity...
2020 was the time the government was spending the most, and there was lots of deflation at the time, because people were hunkering down and saving their money as best they could. Only when they came out of their stupor and started demanding the same quality of life as they had before did the inflation begin to happen. Again, due to scarcity, not access to money.
Leave a Comment