The dollar makes up 60% of foreign exchange reserves 12 countries/state officially peg their currency to the dollar with others unofficially doing the same. Dollar denominated oil purchases still control, etc.
I think you are retired, right? When you were in the work force did you happen to have a job at a company that needed to make money to survive, or to satisfy ownership/shareholders? How often did you reduce what you charged your customers?
Don't you always need to be competitive in your marketplace? Cloud services for example? Prices for Storage as a Service, Internet, Compute, etc normally come down over time as economies of scale come into play. You have to be charge less or add value to a higher price.
Our 'record' energy production is slightly above peak energy production when COVID hit. That's not much of a testimony when demand has been increasing as well.
I believe in Iowa it went from 18 to 19 in 1978. I was not of legal drinking age my freshman year of college (but back then many places didn't check), but I was from then on. I think it went to from 19 to 21 in Fall of 1986 and there was a grandfather clause. If you turned 19 prior to September 1, 1986, you were legal. If after September 1, then it was 21 for you. One of my siblings turned 19 in August 1986, barely made it. Our local bar had dime draws on Tuesdays and dollar pitchers quite often.
It depends on what you are selling. My company sells superior services and relationships, right up until you don't pay what we want. Junk food manufacturers aren't offering a superior product, they just offer what fat Americans want. If fat Americans are going to keep shelling out a lot of money to be even fatter I don't know what anyone can/should do.
Prices are dropping in some cases. In our stores, we have found some suppliers/brands have lowered their prices. I assume they are doing this in response to stores not selling their products at the same speed they did before they raised their prices. Many companies got a little greedy while inflation was rising and they were adding to the problem. I'm seeing more and more shoppers each week, which is giving me hope.
I do think companies use inflation as a way to raise prices, and I definitely think a lot did that using COVID and supply chain issues as an excuse.
It also is called " dairy desert " because the cream content is too low to qualify as ice cream. Thanks Biden...
Disagree.
Spending puts $ in pockets. Take away the spending and people don't have $ to spend.
Agreed. There were legitimate issues but I feel many companies pushed the price hikes too far.
My favorite ice cream, used to be a half gallon is now 48 fl oz.
