Oh wow, I didn’t know that more efficient production methods were terrible for the economy. TIL.
Here’s an example. Lots of people say they would like to own a Battery Elective Vehicle (BEV). One of the most common reason not to is “the price is too high”. There is a segment of people that can afford the higher price but are waiting for prices to fall with the assumed more efficient production methods in place in the future. So these buyers are NOT spending yet. While that may be a good personal finance choice, that lack of spending is bad for the economy as there is less money for auto dealerships, auto transporters, factory workers, parts suppliers, raw materials producers.
If there was no assumption of future falling prices (deflation) those buyers would have already bought a BEV (as they were during the pandemic when prices weren’t likely to fall).
No one says “I’m gonna fast this week cuz I think groceries will be cheaper next week”
They’d say instead “I’ll buy the cheap coffee instead of the good stuff and get the store brand blend of olive oil instead of the EVOO I usually like instead to hold me over until the prices fall next week. I’ll also hold off on getting steaks this week and instead get some cheap chicken thighs”.
People say I’m going to fire all of these meatpackers because COVID-19 closed down the Hotel all this meat is going to and bam, -30% + deflation starts to kick in and our politicians start to panick, because those politicians are smarter than you and know where that was going.
Politicians overcorrected and caused inflation from overaddressing our COVID-19 issue. But I’d rather live with inflation than the massive job loss numbers that was facing us in 2020.
Now today, we have a bunch of dumbasses who can’t even remember the economic calamity we avoided just 4 years ago complaining about inflation that happened fucking years ago.
This shit just happened and people are like “Why the fuck did meat prices go up?”. How short-term are yall’s memory? And then we used economics to print a fuck-ton more money to encourage more people to eat meat (to minimize the boom/bust… borrowing from the future so that we’d eat more meat during the COVID19 era), and people wonder where the hell all this inflation came from.
Its pretty fucking straightforward yo. We saved the jobs, we tried to mitigate the culling of hogs / cows. Then we had a boom/bust period that ultimately concluded with 2022-era inflation, and then we tried to deal with that. COVID19 was a very difficult time for policymakers, economics. But we lived through it, but still are dealing with the “ripples” of that change.
Was it perfect? Hell no. Now that we know today’s statistics, we can say that we printed too much money and left interest% rates too low. But overall, we did the right thing, and it’d require a crystal ball showing 2024 data to know whether we printed too much (or too little) money back in 2020. I’m happy we chose to err on the side of inflation and save as many jobs as possible, and if we had a time-machine I’d go back to 2020 and overall support the same actions (though maybe a bit less money-printing so that we don’t have quite as much inflation).
US government vets said to be ready to assist with culls, or ‘depopulation’ of pigs, chickens and cattle because of coronavirus meat plant closures
You’re a dumbass. Americans stopped eating on a mass-scale due to COVID19, leading to a historical culling of pigs and cows, leading to a boom/bust of our food supply culminating in today’s inflation.
I support the politicians (and yes, bankers) who did hard work to counteract this problem (especially as they acted swiftly, and across party lines). And I shit on people like you who wish to just shit on the hard work of our leaders on this subject. Especially because you’re clearly too stupid to figure out basic history on this subject.
What we did years ago is something to be proud of. But it has a cost, the calculations weren’t perfect and we’re dealing with more inflation than expected in the year 2022. And as the graph at the beginning of the topic points out, the inflation was almost entirely during 2022, and has been hampered by now.
We still need to get used to these newer, higher, prices. But its better than the alternative (Without decisive action back then, we’d have even even larger-scale closures of food supply across the country. Which would have led to an even worse bust-boom bullwhip effect in our country)
Here’s an example. Lots of people say they would like to own a Battery Elective Vehicle (BEV). One of the most common reason not to is “the price is too high”. There is a segment of people that can afford the higher price but are waiting for prices to fall with the assumed more efficient production methods in place in the future. So these buyers are NOT spending yet. While that may be a good personal finance choice, that lack of spending is bad for the economy as there is less money for auto dealerships, auto transporters, factory workers, parts suppliers, raw materials producers.
If there was no assumption of future falling prices (deflation) those buyers would have already bought a BEV (as they were during the pandemic when prices weren’t likely to fall).
Yeah, but we’re talking about groceries. No one says “I’m gonna fast this week cuz I think groceries will be cheaper next week”
They’d say instead “I’ll buy the cheap coffee instead of the good stuff and get the store brand blend of olive oil instead of the EVOO I usually like instead to hold me over until the prices fall next week. I’ll also hold off on getting steaks this week and instead get some cheap chicken thighs”.
No.
People say I’m going to fire all of these meatpackers because COVID-19 closed down the Hotel all this meat is going to and bam, -30% + deflation starts to kick in and our politicians start to panick, because those politicians are smarter than you and know where that was going.
Politicians overcorrected and caused inflation from overaddressing our COVID-19 issue. But I’d rather live with inflation than the massive job loss numbers that was facing us in 2020.
Now today, we have a bunch of dumbasses who can’t even remember the economic calamity we avoided just 4 years ago complaining about inflation that happened fucking years ago.
https://www.vox.com/2020/5/4/21243636/meat-packing-plant-supply-chain-animals-killed
https://www.theguardian.com/environment/2020/may/19/millions-of-us-farm-animals-to-be-culled-by-suffocation-drowning-and-shooting-coronavirus
This shit just happened and people are like “Why the fuck did meat prices go up?”. How short-term are yall’s memory? And then we used economics to print a fuck-ton more money to encourage more people to eat meat (to minimize the boom/bust… borrowing from the future so that we’d eat more meat during the COVID19 era), and people wonder where the hell all this inflation came from.
Its pretty fucking straightforward yo. We saved the jobs, we tried to mitigate the culling of hogs / cows. Then we had a boom/bust period that ultimately concluded with 2022-era inflation, and then we tried to deal with that. COVID19 was a very difficult time for policymakers, economics. But we lived through it, but still are dealing with the “ripples” of that change.
Was it perfect? Hell no. Now that we know today’s statistics, we can say that we printed too much money and left interest% rates too low. But overall, we did the right thing, and it’d require a crystal ball showing 2024 data to know whether we printed too much (or too little) money back in 2020. I’m happy we chose to err on the side of inflation and save as many jobs as possible, and if we had a time-machine I’d go back to 2020 and overall support the same actions (though maybe a bit less money-printing so that we don’t have quite as much inflation).
And here I am buying food every week like a fool. I should just not eat until the prices go down.
https://www.theguardian.com/environment/2020/apr/29/millions-of-farm-animals-culled-as-us-food-supply-chain-chokes-up-coronavirus
You’re a dumbass. Americans stopped eating on a mass-scale due to COVID19, leading to a historical culling of pigs and cows, leading to a boom/bust of our food supply culminating in today’s inflation.
I support the politicians (and yes, bankers) who did hard work to counteract this problem (especially as they acted swiftly, and across party lines). And I shit on people like you who wish to just shit on the hard work of our leaders on this subject. Especially because you’re clearly too stupid to figure out basic history on this subject.
What we did years ago is something to be proud of. But it has a cost, the calculations weren’t perfect and we’re dealing with more inflation than expected in the year 2022. And as the graph at the beginning of the topic points out, the inflation was almost entirely during 2022, and has been hampered by now.
We still need to get used to these newer, higher, prices. But its better than the alternative (Without decisive action back then, we’d have even even larger-scale closures of food supply across the country. Which would have led to an even worse bust-boom bullwhip effect in our country)