Has Your Grocery Bill Increased Significantly?
Remember, the percentages tied to CPI do not take into account such factors as: I would have purchased steak, but I instead purchased hamburger, etc.
I say the government is hiding inflation by blaming droughts, foreign demand, etc.
What say you? Have your grocery bills significantly increased in the first half of this year? I live outside the country where produce is abundant and fairly cheap compared to the States, however, overall, we have noticed an increase of of 18% in the first half of this year and it is still climbing. Have you noticed new menus at restaurants reflecting these increases? Thoughts?
I say the government is hiding inflation by blaming droughts, foreign demand, etc.
What say you? Have your grocery bills significantly increased in the first half of this year? I live outside the country where produce is abundant and fairly cheap compared to the States, however, overall, we have noticed an increase of of 18% in the first half of this year and it is still climbing. Have you noticed new menus at restaurants reflecting these increases? Thoughts?
Previous comments...
Now I can't find anywhere in my economic textbooks that inflation is a good thing on any measure - unless you're a debtor. Every creditor, however, gets hosed by inflation and as a result are forced to charge higher interest rates to compensate. Similarly, product and service costs have to go up to compensate, because the costs of inputs keep going up. And wages have to keep going up just to offset for inflation.
The whole thing is a vicious cycle of manipulation and adjustment. If the target for inflation was ZERO, we could eliminate all this nonsense. The problem is that that would mean that a dollar today would be the same as a dollar tomorrow. Consumption would likely drop slightly because there would be significantly more incentive to save. But as savings drive industry, it would also mean that credit would be more available than it is now, meaning that we would be encouraging entrepreneurship.
Of course it would also destroy the notion that we can continue to rack up trillions of dollars of debt and finance this debt with more (cheaper) future debt.
All of this is financed by money stolen from the people.
The Fed note we call money is only a promise of value not backed by real money. The government changes this promise by printing 80 billion more of these notes every month.
When they print up twice as many notes as before the value in our Notes drops by half.
We then need twice as many to reap the same value as before. We call that inflation of prices but it is really theft of value.
It is stealth Theft, covered up by corruption and more theft.
There is only one way to restore our country.
It may start by the producers withdrawing but it must end with restoring a government OF the people not above the people.
Read http://www.TheSocietyProject.org and join us in fixing the future.
One thing to keep in mind.
Not only are the base prices for foodstuffs themselves going up, but in the case of prepared foods, most states have raised every tax and fees they can think of.
Prices at restaurants whether fast food or conventional dining have gone up as much or more. Meanwhile service quality drops because the cost of labor is dropping staffing levels.