I’m still a very hopeful environmentalist. I honestly feel the more of it we can leave deep under ground the better. Electro engines are the future, for now🤯
If we can somehow keep the prices on pepsico and junk food in general high that might be a good thing for our nation's health- or maybe direct their extra profits to underwrite lifelong Ozempic for all. Seriously, though, the VP can't even pronounce price gouging, let alone would I trust her to attempt to fix a problem she clearly does not understand and won't talk about any sort of actual policy. Trump may not be much better but he is at least more of a capitalist and free market believer than she is.
People don't realize that most fertilizer is produced artificially and *requires* fossil fuels as an ingredient, not just for energy. The first stage is the Haber-Bosch process, which produces ammonia (NH4). The process uses nitrogen from the air, high temperatures (using energy from somewhere, mostly fossil fuels) and pressure, and the hydrogen produced by the steam reforming of fossil fuels.
When the cost of fossil fuels goes up, the cost of *fertilizer* goes up, too.
"shrinkflation. This is not the sort of thing a presidential candidate is likely to rail about, but for consumers, it’s galling just the same." Actually, shrinkflarion is precisely what a presidential candidate (and sitting President) railed about. Biden was all about it. But we certainly haven't heard anything about it since he was put out to pasture.
"It noted that the four major meatpackers—Tyson Foods, JBS, Marfrig Global, and Seaboard Corp—had seen a gross profit increase of 120 percent."
Tyson's gross profit increased (2018 to 2022) from five billion to six billion. Six is 120% of five , but it's not an increase of 120%. The White House seems to be bad at math, in addition to being bad at economics. In 2023, Tyson's gross profit dropped to 2.5 billion.
Note that gross profits only consider cost of goods sold and don't include things like marketing and office payroll.
I am no economic expert and I agree with the analysis here. But I am smart enough, and did live through Nixon's failed experiment, to know that Harris' stated aim of price-controls is a recipe for driving inflation higher not lower. It feeds the inflation genie and does nothing to help put it back in the bottle where it can do no harm.
Does anybody else remember the failed wage-price control spiral of the 1970s? Weigh in. If I am wrong, educate me, please. I am open to learning something.
Not a word about how the energy policies of the Biden/Harris administration DROVE UP the cost of fuel. The cost of diesel fuel, the lifeblood of American shipping, went up after Biden/Harris took office and remains close to $5 a gallon on average today. American energy independence under Trump was a good policy. So was "Remain in Mexico". Biden/Harris unmade Trump's policies on day one and here we all are. Lest we forget, Democrats weren't able to spend as much as they wanted on the "Inflation Reduction Act" thanks to Congressional Republicans. Just imagine how expensive things would be if they had. Can we afford another four years of bad policies from people who 1. never admit when they are wrong, 2. never fire anyone, and 3. are made weak and ineffectual by press outlets that COVER FOR EVERYTHING THEY DO. Including this one at times, sadly.
In other words, the Democrats (and their lapdogs, the MSM) LIED to the American people. Lying is a virtue. Eventually everyone finds out. And when you lie, it's hell to try and regain your credibility.
OK let’s do the experiment again. Give everyone in USA $1000 and see if prices go up or down or stay where they are…. They will jump up and then Fed raises rates and they stabilize at the higher level.
She is clearly a two trick pony. She rope a dopes the public with abortion whenever and Black racism. Like the recently departed President of Harvard, an empty suit suits the elites just fine.
The cost of electricity is up 40%, which makes evaporation more expensive. It also makes running grocery stores more expensive. The costs of labor and transportation have risen 30% and 40% respectively, and the average price of milk rose from $2.85 to $4.20 per gallon. So it might cost more than twice as much to put a can of evaporated milk on the shelf.
if there can even be a question as to her expertise on things economic we should refer to her original statement of her 'strategy'--to go after price 'guaging. that's guaging not gouging. it would be funny if it wasn't so tragic.
I have sure learned what I can do without these last few years. Soda, let alone my Pepsi is a thing of the past at my house. Rarely buy salty or sweet snacks, I see the prices and think shoot I can make cookies or brownies for less than that. I’m just saying I will not pay those (I think it’s gouging when you’re earning billions in profit) prices, I’ll go without and think of something else. I doubt I’ll ever have a nice rib eye steak again at $19.00 lb.
Food prices will remain high while the price of oil remains high; it's baked into every step of cost of goods sold. You want lower grocery prices? Reduce the cost of oil by increasing domestic supply side. If after supply resurgence prices remain high, I'll listen to the argument of price-gouging.
Before you listen to the price-gouging argument. (1) Reread the Rowley’s article, and (2) look in the index or glossary on an Economics text for price gouging
The solution is obviously for the federal government to take control of the corporations that produce and energy and distribute the ownership to the people. Fuck the existing shareholders. They are greedy and mean.
Government is not competent to run anything, including themselves. Google articles on how much money the government has 'lost', or has been stolen thru fraud, waste and abuse...
Most people lack a basic understanding of economics. They don't make connections between external events (such as how bird flu affects the price of poultry products) and their grocery bills. Unfortunately, they'll vote for anyone who promises that government can fix the problem when reality is otherwise. Doesn't bode well for those of us who believe smaller government is a better choice.
Unless they think to look for 1 instance in history where the govt has actually succeeded in fixing something in economy other that by income adjustment by simple transfer to target group
Milton Friedman: "Inflation is always and everywhere a monetary phenomenon."
The Fed raised M2 money supply by 20 percent in 2020 and another 20 percent in 2021.
That is all.
I’m still a very hopeful environmentalist. I honestly feel the more of it we can leave deep under ground the better. Electro engines are the future, for now🤯
If we can somehow keep the prices on pepsico and junk food in general high that might be a good thing for our nation's health- or maybe direct their extra profits to underwrite lifelong Ozempic for all. Seriously, though, the VP can't even pronounce price gouging, let alone would I trust her to attempt to fix a problem she clearly does not understand and won't talk about any sort of actual policy. Trump may not be much better but he is at least more of a capitalist and free market believer than she is.
People don't realize that most fertilizer is produced artificially and *requires* fossil fuels as an ingredient, not just for energy. The first stage is the Haber-Bosch process, which produces ammonia (NH4). The process uses nitrogen from the air, high temperatures (using energy from somewhere, mostly fossil fuels) and pressure, and the hydrogen produced by the steam reforming of fossil fuels.
When the cost of fossil fuels goes up, the cost of *fertilizer* goes up, too.
"shrinkflation. This is not the sort of thing a presidential candidate is likely to rail about, but for consumers, it’s galling just the same." Actually, shrinkflarion is precisely what a presidential candidate (and sitting President) railed about. Biden was all about it. But we certainly haven't heard anything about it since he was put out to pasture.
"It noted that the four major meatpackers—Tyson Foods, JBS, Marfrig Global, and Seaboard Corp—had seen a gross profit increase of 120 percent."
Tyson's gross profit increased (2018 to 2022) from five billion to six billion. Six is 120% of five , but it's not an increase of 120%. The White House seems to be bad at math, in addition to being bad at economics. In 2023, Tyson's gross profit dropped to 2.5 billion.
Note that gross profits only consider cost of goods sold and don't include things like marketing and office payroll.
The White House isn't bad at math. They are good at lies and distortion. Anything to vilify businesses.
I am no economic expert and I agree with the analysis here. But I am smart enough, and did live through Nixon's failed experiment, to know that Harris' stated aim of price-controls is a recipe for driving inflation higher not lower. It feeds the inflation genie and does nothing to help put it back in the bottle where it can do no harm.
Does anybody else remember the failed wage-price control spiral of the 1970s? Weigh in. If I am wrong, educate me, please. I am open to learning something.
You are absolutely correct!
I remember...yes, I'm that old!
Not a word about how the energy policies of the Biden/Harris administration DROVE UP the cost of fuel. The cost of diesel fuel, the lifeblood of American shipping, went up after Biden/Harris took office and remains close to $5 a gallon on average today. American energy independence under Trump was a good policy. So was "Remain in Mexico". Biden/Harris unmade Trump's policies on day one and here we all are. Lest we forget, Democrats weren't able to spend as much as they wanted on the "Inflation Reduction Act" thanks to Congressional Republicans. Just imagine how expensive things would be if they had. Can we afford another four years of bad policies from people who 1. never admit when they are wrong, 2. never fire anyone, and 3. are made weak and ineffectual by press outlets that COVER FOR EVERYTHING THEY DO. Including this one at times, sadly.
In other words, the Democrats (and their lapdogs, the MSM) LIED to the American people. Lying is a virtue. Eventually everyone finds out. And when you lie, it's hell to try and regain your credibility.
OK let’s do the experiment again. Give everyone in USA $1000 and see if prices go up or down or stay where they are…. They will jump up and then Fed raises rates and they stabilize at the higher level.
She is clearly a two trick pony. She rope a dopes the public with abortion whenever and Black racism. Like the recently departed President of Harvard, an empty suit suits the elites just fine.
It works, and Trump doesn't seem to care.
Evaporated milk is more twice the price it was in 2019. And evaporation did not double in price.
The cost of electricity is up 40%, which makes evaporation more expensive. It also makes running grocery stores more expensive. The costs of labor and transportation have risen 30% and 40% respectively, and the average price of milk rose from $2.85 to $4.20 per gallon. So it might cost more than twice as much to put a can of evaporated milk on the shelf.
if there can even be a question as to her expertise on things economic we should refer to her original statement of her 'strategy'--to go after price 'guaging. that's guaging not gouging. it would be funny if it wasn't so tragic.
I have sure learned what I can do without these last few years. Soda, let alone my Pepsi is a thing of the past at my house. Rarely buy salty or sweet snacks, I see the prices and think shoot I can make cookies or brownies for less than that. I’m just saying I will not pay those (I think it’s gouging when you’re earning billions in profit) prices, I’ll go without and think of something else. I doubt I’ll ever have a nice rib eye steak again at $19.00 lb.
Food prices will remain high while the price of oil remains high; it's baked into every step of cost of goods sold. You want lower grocery prices? Reduce the cost of oil by increasing domestic supply side. If after supply resurgence prices remain high, I'll listen to the argument of price-gouging.
THANK YOU!!!
Before you listen to the price-gouging argument. (1) Reread the Rowley’s article, and (2) look in the index or glossary on an Economics text for price gouging
The solution is obviously for the federal government to take control of the corporations that produce and energy and distribute the ownership to the people. Fuck the existing shareholders. They are greedy and mean.
Sarcasm?
Government is not competent to run anything, including themselves. Google articles on how much money the government has 'lost', or has been stolen thru fraud, waste and abuse...
Shop local, shop smarter.
How’d that work out for the former Soviet Union?
Most people lack a basic understanding of economics. They don't make connections between external events (such as how bird flu affects the price of poultry products) and their grocery bills. Unfortunately, they'll vote for anyone who promises that government can fix the problem when reality is otherwise. Doesn't bode well for those of us who believe smaller government is a better choice.
Unless they think to look for 1 instance in history where the govt has actually succeeded in fixing something in economy other that by income adjustment by simple transfer to target group