The other ridiculousness about Biden/synthetic left inflation talk: the statements about inflation having "stabilized" or "stopped".
Let's talk about the grocery store.
First I am gonna have a hard time using the official food price inflation numbers, because most of us know they're bullshit. Do not tell me that food prices increased 6% or even 16% over 2 years. My $100 bill from Jan 2021 was NOT $106 or $116 in Jan 2022. No way. Eggs, anyone?
But Ima swallow my consternation and say I went to the grocery store in Jan 2021 and spent $100. Assuming 16% price inflation, which again is bullshit, but...
In Jan 2022 that exact same visit cost $116.
In Jan 2023 that exact same visit cost $134.56.
When the rich rulers say that inflation has been stopped or cured, the workers' eyes roll. Because if inflation were cured, we would be paying $100 again. Our income has not risen anywhere close to the price of goods/services/air to rent to breathe. So the rich need to shut up about inflation. Just shut up, they aren't convincing anybody.
It's like getting robbed of half your stuff one week, then not getting robbed the next week, and people celebrating, "there's no theft now! Yay!"
That's exactly it. The price needs to deflate back to the original price, or incomes need to catch up to the inflated price. Neither has happened/is happening.
The other ridiculousness about Biden/synthetic left inflation talk: the statements about inflation having "stabilized" or "stopped".
Let's talk about the grocery store.
First I am gonna have a hard time using the official food price inflation numbers, because most of us know they're bullshit. Do not tell me that food prices increased 6% or even 16% over 2 years. My $100 bill from Jan 2021 was NOT $106 or $116 in Jan 2022. No way. Eggs, anyone?
But Ima swallow my consternation and say I went to the grocery store in Jan 2021 and spent $100. Assuming 16% price inflation, which again is bullshit, but...
In Jan 2022 that exact same visit cost $116.
In Jan 2023 that exact same visit cost $134.56.
When the rich rulers say that inflation has been stopped or cured, the workers' eyes roll. Because if inflation were cured, we would be paying $100 again. Our income has not risen anywhere close to the price of goods/services/air to rent to breathe. So the rich need to shut up about inflation. Just shut up, they aren't convincing anybody.
It's like getting robbed of half your stuff one week, then not getting robbed the next week, and people celebrating, "there's no theft now! Yay!"
That's exactly it. The price needs to deflate back to the original price, or incomes need to catch up to the inflated price. Neither has happened/is happening.