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Friday, November 17th, 2023

The problem isn’t inflation. It’s prices.

Author:     Emily Stewart
Source:     Vox
Publication Date:     Nov 14, 2023 | 9:34am EST
 Link: The problem isn’t inflation. It’s prices.
Stephan:  

I think this article explains why Biden is getting to little credit from American voters. The truth is very few Americans have anything more than the dimmest understanding about how the economy works. Study after study shows this. So all the good things Biden and his administration have done just goes over their heads. What they do understand is what things cost. When you pay $100 to fill up your gas tank, or $6 for a head of lettuce, you are not happy. I say that from personal experience. As this article points out what is really happening is greed. Prices aren’t coming down because corporations see these prices as lovely profit.

Prices aren’t going up as fast as they were … they’re also aren’t really moving downward.
 Credit: Osaka Wayne Studios / Getty

Life in 2023 means being in a constant state of sticker shock.

You walk out of the grocery store feeling like you’re not really sure what happened, but somehow, your normal fare ran you $50 more than you swear it should have. Did Diet Coke always cost that much? Or eggs? Maybe you’ve been putting off buying that new car in the hope prices go back to where they were pre-pandemic, but you’re starting to feel like the wait is awfully long. Or, the morning after a post-work happy hour, you’re left scratching your head. You swear you had two glasses of wine, but the size of your credit card receipt makes you wonder if it wasn’t four. “How expensive everything is today” is a top theme of conversation. The whole situation can be infuriating.

The root of what’s going on here can feel obvious: blame inflation, which picked up in mid-2021 […]

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