#inflation

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

Submitted by Sima on Thu, 05/09/2024 - 5:00am

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!

Submitted by Sima on Thu, 10/19/2023 - 5:00am

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.