Inflation - Walmart Prices since 2023 and 2019
- Thread starter What Would Jesus Do?
- Start date
Inflation has gone down from 8.5% or so to 2.7% or so in the last year to 18 months. Did prices for most products go down by that 5 % difference. Hell no, except maybe gas and a few other products.
Companies use these inflationary periods to raise prices and keep them there, somewhat the price gouging thinking.
Companies use these inflationary periods to raise prices and keep them there, somewhat the price gouging thinking.
That's because exactly half of our tracked prices stayed the same from December 2023 to December 2024 — a notable relief after the COVID-19 pandemic, when most prices jumped year to year because of turmoil in supply chains and labor markets.
No mention whatsoever of the increase in the money supply. Ignorant. Deliberately so?
Big price increases are rarely followed by equally big price decreases, historically. That's because seismic shifts in the global economy cannot simply be undone.
If you pulled the money created out the prices would most certainly adjust. Prices are relative measures, not absolute.
Prices go down when the money supply shrinks (extended credit is not repaid, and the money goes 'poof'), or if the supply of goods and services grows faster than the supply of money.
No mention whatsoever of the increase in the money supply. Ignorant. Deliberately so?
Big price increases are rarely followed by equally big price decreases, historically. That's because seismic shifts in the global economy cannot simply be undone.
If you pulled the money created out the prices would most certainly adjust. Prices are relative measures, not absolute.
Prices go down when the money supply shrinks (extended credit is not repaid, and the money goes 'poof'), or if the supply of goods and services grows faster than the supply of money.
Well, that's not how that works. Prices went up by 8.5% and are continuing to rise, just at a lower rate. You'd need deflation for prices overall to drop.
I met with the horror of deflation just last month.
I purchased two more 65" screens at a total less than I purchased one of them two years ago.
TV prices are nuts...I've seen a 75" Samsung selling for less than the 55" we got close to ten years ago. I got the no-pic to upgrade to a 65" a couple of years ago but when I side-eyed that Samsung, she just shook her head and walked away.
I remember around 2008 I spent ~$700 for a 32" LCD that I was able to modify a driver for my video card and get to display at 1366x768. I thought that was a bees knees for my flight sims.
Two years ago I picked up a 65" 3840x2160 for ~$650.
Last month two more of the same tv for ~$298.
Crazy how capitalism do dat.
