#inflation

Open Thread - Thurs 20 Feb 2025 - Diocletian Sez!

Diocletian Sez!

In 301 AD (1700 or so years ago), the Roman Emperor Diocletian issued an edict in an attempt to control inflation in the price of just about everything sold in the Empire. I ran across a quote from the edict* and found it appropriate to our times too. Maybe our inflation isn't that high, and maybe the powers that be have learned, with repeated lessons over and over again through time, that they can't rob the common people of everything, but, I dunno, it still seems appropriate.

File:Edict on Maximum Prices Diocletian piece in Berlin.jpg
By User:MatthiasKabel - Photographed by myself in Pergamonmuseum Berlin, CC BY-SA 3.0, Link
Part of the Edict's list of maximum prices from the Pergamon Museum in Berlin

Open Thread - Thurs 09 May 2024 - Is the Economy Really Good?

9 May 2024 - Is the Economy Really Good?

People's perceptions seem to be that the economy isn't that great. David Sirota, amongst others, did an article about this last month: 'Why Are Biden’s Economic Poll Numbers So Bad?'. The subtitle basically says it all: Economic policy has been erased from the political discourse, which is a problem for Biden — and for democracy.

I think this bit from the article says a lot:

American politics of late is a forum almost exclusively for the culture war, and rarely if ever a forum to discuss — or combat — the class war.

Ain't that the truth?!

Prices! From vecteezy.com

Open Thread - Thurs 19 Oct 2023 - Shrink and Skimp!

Shrink and Skimp!

I've been thinking about the economy recently. How it's not that good for the 'little' people, and how we small people have been really experiencing it, no matter what the officials and their numbers about the economy say (Here's an article from Big about this - Strikes and Bidenomics, it was republished as a shorter, but mostly the same, article on the Lever - The Missing Inflation Data). One of the things I've encountered a lot of is shrinkflation.

Shinkflation is something I think we've all seen (recent BBC article on it). The package of a product we want, say a breakfast cereal, gets smaller but the price stays the same. So we are actually paying more for the product, by weight or quantity measurement, but we supposedly don't 'see' that because the overall price is the same.


My favorite kind of ice cream... Now in a smaller package! Image from
reddit.