Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

An investigation into egg prices

thebignewsletter.com

Post reply on HN
Print view View original

61–70 of 182 posts

Re: An investigation into egg prices

#61

Post by absolutelastone »

PaulDavisThe1st wrote: post #41
drivebyhooting wrote: post #33

Earlier quoted context omitted.

What would the status quo be? Continue to escalate in Ukraine? Pile on more debt? I can’t see how that wouldn’t lead to debasement and ultimately the collapse of the US hegemony. At least this way we will have TSMC and other local production capacity.

The current administration is doing a very fine job ... of collapsing whatever US hegemony still exists. The status quo would be, for example: * continuing to honor the social safety net constructed incrementally since 1929 * honoring contracts with overseas organizations * honoring the 200+ year old understanding that Congress controls spending, creates government departments, and establishes rules for the hiring an…

Don't those heterodox ideas about debt predict these increasing prices?

Re: An investigation into egg prices

#62

Post by SoftTalker »

bdangubic wrote: post #50
sras-me wrote: post #47

Earlier quoted context omitted.

>"The big suppliers can ratchet up prices with zero consequences. What are you gonna do about it?" I think one (uncomfortable) solution is this. Consumers should budget their expenses. So when the egg prices increase, they should consume less to maintain their budget for eggs, for example, a month. This will mean that when the companies increases prices, more of their stock will remain unsold, increasing their expens…

you said “budget” in the context of America. 93.98% of americans are not finacially literate enough to budget. this is by design…

It doesn't have to be so formal, and for most people it's more like "wow eggs have gotten expensive, I'll skip buying them this week" that is what I do, same with beef and anything else that just seems like it costs too much. Or I'll shop around, there are people selling eggs from their home-kept chickens at the side of the road for less than supermarket prices (I realize that doesn't scale, at least not quickly).

Re: An investigation into egg prices

#63

Post by PaulDavisThe1st »

drivebyhooting wrote: post #46
PaulDavisThe1st wrote: post #41

Earlier quoted context omitted.

The current administration is doing a very fine job ... of collapsing whatever US hegemony still exists. The status quo would be, for example: * continuing to honor the social safety net constructed incrementally since 1929 * honoring contracts with overseas organizations * honoring the 200+ year old understanding that Congress controls spending, creates government departments, and establishes rules for the hiring an…

So what I’m hearing is: * Keep all the existing obligations * Continue to run a deficit * Hope that we can finance these growing expenses through treasuries or debasement * all the while ignoring the hollowing out of American industrial base and expertise * also allowing a large portion of the population to become redundant, unproductive, and irrelevant in the world economy

> Hope that we can finance these growing expenses through treasuries or debasement

No need for "debasement", but sure.

> all the while ignoring the hollowing out

No, we should not be doing this. But the left has been talking about this for decades and was mocked for it. The idea that billionaires and the recipients of their largesse are how we stop "ignoring the hollowing out" just seems laughable to me.

> allowing a large portion of the population to become redundant, unproductive, and irrelevant in the world economy

when the left raised these objections to global trade treaties that ignored labo mobility, they were roundly ignored and ridiculed. Again, the idea that the very class of people who wanted these changes (free movement of capital, tax-free repatriation of profit, tariff-free importation of foreign produced goods, massively reduced labor costs) are the people who will oversee the reversal of their effects just seems laughable to me.

These are absolutely things we should focused on, and it is true that the left-as-represented-by-the-Democratic party has not really done so (certainly not until Biden, and even then it was relatively weak sauce). But the idea that this administration is actually motivated by a desire to solve these problems and not simply reduce costs and taxes for the capital class ... again, it just seems laughable to me.

Re: An investigation into egg prices

#64

Post by paulddraper »

SoftTalker wrote: post #7

Egg prices are high compared to what they used to cost but still under $1.00 for a two-egg meal. There's not a protein source that's much cheaper, I think the egg producers are exploiting a certain inelasticity of demand. People don't like the price increases but eggs are still very cheap food.

$1 for 8g of protein?

Tuna/sardines are a bargain by that measure.

Re: An investigation into egg prices

#65

Post by PaulDavisThe1st »

absolutelastone wrote: post #61
PaulDavisThe1st wrote: post #41

Earlier quoted context omitted.

The current administration is doing a very fine job ... of collapsing whatever US hegemony still exists. The status quo would be, for example: * continuing to honor the social safety net constructed incrementally since 1929 * honoring contracts with overseas organizations * honoring the 200+ year old understanding that Congress controls spending, creates government departments, and establishes rules for the hiring an…

Don't those heterodox ideas about debt predict these increasing prices?

The heterodox ideas do, yes.

MMT does not.

We don't know who is correct. We do know that one POV is massively favored by those who would like to use the national debt as a reason to impose austerity policies on the US economy.

Re: An investigation into egg prices

#66

Post by Dylan16807 »

genewitch wrote: post #57
rekabis wrote: post #49

Earlier quoted context omitted.

And yet, this is the inevitable end-game of unfettered capitalism: to monopolize a market and prevent new entrants so as to eliminate competition and lock-in customers to a single producer that can set prices to whatever they want. If the orange Cheeto was truly interested in combatting corruption, he would break apart this entire industry clear down to individual factories and processing plants, and implement laws t…

Lol "if cheeto wants to end corruption he'd do " I'm in awe, friend.

If you consider breaking up big companies to be "socialist", then there is no problem with that type of "socialism" except associations that only exist in your head because you are considering every kind of "socialism" to be the same thing.

Re: An investigation into egg prices

#67

Post by SoftTalker »

genewitch wrote: post #56
Jtsummers wrote: post #26

Earlier quoted context omitted.

The article's 115 million is over 3 years. Your 30 million monthly represents one sampling period within that same 3 year period.

Us cull numbers in 2024 were between 130mm and 180mm depending on who is saying the numbers. But I heard our flock numbers in that period were 10 times that. So I'm not sure what to think. I do know it was easy to get chicks this year, so that confused me even more. Perhaps the lack of grocery eggs was because they were incubated instead? I don't know.

> Perhaps the lack of grocery eggs was because they were incubated instead?

Grocery eggs aren't even fertilized.

Re: An investigation into egg prices

#68

Post by paulddraper »

jmyeet wrote: post #34

We see this all the time. There is some shock or reduction to supply and the price goes up but it always goes up way more than the supply change would necessarily warrant. Then it takes forever to return to normal (if it ever does). Interestingly, in the early weeks of the Kamala Harris campaign last year, she actually advocated to fighting or stopping "price gouging", something that was wildly popular: 66% of respon…

If anything, there is a shortage of eggs (some stores near me have run out), which means prices should be higher not lower.

Re: An investigation into egg prices

#69

Post by Dylan16807 »

SoftTalker wrote: post #7

Egg prices are high compared to what they used to cost but still under $1.00 for a two-egg meal. There's not a protein source that's much cheaper, I think the egg producers are exploiting a certain inelasticity of demand. People don't like the price increases but eggs are still very cheap food.

160 calories isn't much of a meal.
Post reply on HN