1) Cancel Trump tariffs and revert to the Trade Agreements previously legislated by Congress.
2) If the Strait of Hormuz is opened to normal traffic, the price of Oil, Fertilizer, Oil derivatives, etc will go down.
3) Have Congress pass an Immigration law that responds to the needs of the economy.
4) Restore the CFBP and give it enforcement teeth.
I figure these measures could reduce our annual inflation rate by 100-200 basis points.
Funny how all of these are self-inflicted wounds. It's perfectly rational for people to have lost faith in their government. ("Prices will grow faster than my income.")
Hello Congressmen, stop gaslighting us and get to work!
Well, I wrote my previous comment halfway through this episode, and they ended on this very topic. The bastards ARE out to screw us, and it's perfectly clear. Historical data is not going to light the way going forward.
In other words, the administration is facilitating the use of market power and information assymetry to enable rent seeking, the value of which flows, in large part, to wealthy shareholders who use the proceeds to purchase more political "facilitation."
I understand that cherry-picking prices to drop by importing questionable products from unspecified countries is not a great idea to actually help Americans afford their lives during these fairly challenging times. But when you talk about prices and wages going in lockstep, I *still* have to question it.
Every time prices go up, the companies now are making more profit. When eggs went up *every* step along the egg-to-customer pathway added a few more cents, even if their expenses did not go up, so they made more profit. Every one of them. And I am convinced this is still going on. These companies are seeing record profits, not just record revenue.
So to me, a layperson, this does not look at if we are keeping up with our wages, and I have never seen anyone actually talk about this.
There is a way for prices to go down:
1) Cancel Trump tariffs and revert to the Trade Agreements previously legislated by Congress.
2) If the Strait of Hormuz is opened to normal traffic, the price of Oil, Fertilizer, Oil derivatives, etc will go down.
3) Have Congress pass an Immigration law that responds to the needs of the economy.
4) Restore the CFBP and give it enforcement teeth.
I figure these measures could reduce our annual inflation rate by 100-200 basis points.
Funny how all of these are self-inflicted wounds. It's perfectly rational for people to have lost faith in their government. ("Prices will grow faster than my income.")
Hello Congressmen, stop gaslighting us and get to work!
Well, I wrote my previous comment halfway through this episode, and they ended on this very topic. The bastards ARE out to screw us, and it's perfectly clear. Historical data is not going to light the way going forward.
You're not paranoid, corporate America really is out to get you.
In other words, the administration is facilitating the use of market power and information assymetry to enable rent seeking, the value of which flows, in large part, to wealthy shareholders who use the proceeds to purchase more political "facilitation."
I understand that cherry-picking prices to drop by importing questionable products from unspecified countries is not a great idea to actually help Americans afford their lives during these fairly challenging times. But when you talk about prices and wages going in lockstep, I *still* have to question it.
Every time prices go up, the companies now are making more profit. When eggs went up *every* step along the egg-to-customer pathway added a few more cents, even if their expenses did not go up, so they made more profit. Every one of them. And I am convinced this is still going on. These companies are seeing record profits, not just record revenue.
So to me, a layperson, this does not look at if we are keeping up with our wages, and I have never seen anyone actually talk about this.