True reason for inflation:
FED and insane printing of money.
We need to talk about the real reason behind US inflation
11–13 of 13 posts
Re: We need to talk about the real reason behind US inflation
#12Earlier quoted context omitted.
Why not grab the other brand or the off brand? Because they aren't equivalent. I like Pepsi. I don't like Coke. I just don't. I don't want to learn to like it in case it's the one that's on sale this week, either.
> I like Pepsi. I don't like Coke. I just don't. I don't want to learn to like it in case it's the one that's on sale this week, either. And this speaks to my actual point, demand has become less elastic than in the past, so these companies can actually demand _any_ price, up until you'll concede your taste preference.
I won't concede my taste preference. I might drink less of it, though...
Re: We need to talk about the real reason behind US inflation
#13> But they’re raising prices even as they rake in record profits. Ray Dalio recently wrote that "Wealth == Buying Power"[1], and notably record profits when denominated in a devalued/devaluing currency doesn't mean much. > Or consider another consumer product duopoly – PepsiCo (the parent company of Frito-Lay, Gatorade, Quaker, Tropicana, and other brands), and Coca-Cola. This isn't just on supply side with 2 "evil"…
Fifty years ago, an acquaintance came back from college, where he had been taking accounting or economics courses, and told his mother that should could save $x/year by buying the store-brand salad dressing. She replied that $x/year (probably under $10 then) wasn't worth it--she liked the name-brand salad dressing.