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Food Prices Are Soaring Faster Than Inflation and Incomes
251–260 of 605 posts
Re: Food Prices Are Soaring Faster Than Inflation and Incomes
#252Of course, we need to eat bugs, that's the only way out.
Fresh water shortages and the climate crisis will only make it worse.
Re: Food Prices Are Soaring Faster Than Inflation and Incomes
#253[deleted]
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Re: Food Prices Are Soaring Faster Than Inflation and Incomes
#254So housing and food has gone up dramatically, but still "inflation is low" is the story. Doesn't and hasn't passed the smell test in a decade.
Its probably being cancelled out in the basket by healthcare and education prices skyrocketing. Oh wait.
Re: Food Prices Are Soaring Faster Than Inflation and Incomes
#255So housing and food has gone up dramatically, but still "inflation is low" is the story. Doesn't and hasn't passed the smell test in a decade.
Also healthcare (insurance) and education. We live during a time of massive inflation yet our media and government work to tell us not to believe our lying eyes (or bank accounts).
Re: Food Prices Are Soaring Faster Than Inflation and Incomes
#256Earlier quoted context omitted.
Keynesian economics kool-aid, all the Phd Econ guys worship guy who had done some really shady stuff in his life. Nobel prize in economics was started by Sveriges riksbank in 1968, just to perpetuate same ideaologies. Shady af.
Keynes was also a child sex tourist who frequently preyed on boys, sometimes with friends https://skeptics.stackexchange.com/questions/2802/was-john-m... Edit: not sure why I’m being downvoted. He admitted in his diaries as a 30 year old man he would pay for sex from 16 year olds, and referenced others as “boys” without ages. By modern standards he would be a sex offender for life. We seem to hold all historical figu…
Irrelevant to the topic at hand.
Re: Food Prices Are Soaring Faster Than Inflation and Incomes
#257As someone that is the food mostly spice trade prices have started going up in the last 2-3 weeks though prices have not even reached pre pandemic levels. Black Pepper prices have jumped 20+% in the last 20day that price is still 50% cheaper than what it was 4-5 years ago. The largest problem is not availablity of goods rather shipping. I would advise investing in shipping companies if you are active in the stock mar…
Most shipping companies in the stock market have rocketed in the past 2-3 months, so that opportunity has passed I think.
Yup, stock market is all about factored in valuations and others saw the writing on the wall. Since rises and drops are due to surprises, the only way it’ll rocket further is if things will go even EVEN better than already expected. I sometimes have to repeat all this for myself... it helps :p
Re: Food Prices Are Soaring Faster Than Inflation and Incomes
#258" Food Prices Are Soaring Faster Than Inflation and Incomes " ...Food price rises ARE inflation!
Food is just one part of the basket.
Re: Food Prices Are Soaring Faster Than Inflation and Incomes
#259Earlier quoted context omitted.
Currency debasement is a pretty ancient phenomenon. It’s also not usury.
The usury comes from the government taking loans with interest, so it is forced to print more money to cover its deficits which keep growing due to interest.
Printing money is the problem there, not interest. If you banned interest/loaning, you could still end up having inflation because government would print money (or do other things such as https://en.wikipedia.org/wiki/Coin#Debasement_and_clipping ).
Re: Food Prices Are Soaring Faster Than Inflation and Incomes
#260Earlier quoted context omitted.
The examples given above seem like a textbook definition of inflation inside of a closed loop economic system. That is not what the U.S. has and it’s definitely not the situation if a country has a reserve currency. The Triffin dilemma may hold the answer in that as you supply your currency to the rest of the world, you are creating local deflationary effects while essentially exporting inflation. When the rest of th…
The grandparent says explicitly in the comment "all the central banks". We are not talking specifically about the USA. Anyway, the "reserve currency" excuse doesn't explain Japan in the last 20 years or the Euro in the last ten. The theory is just wrong. I don't know what more have to happen for people changing their minds. It's spending what can generate inflation, specifically, spending above what the economy can p…
I was referring more to your comment that inflation can be caused by only two things. It's much more complicated than that. In fact, if you were able to predict such things with an accuracy matching the confidence of your position, you would be a very wealthy person indeed.