Compared to post-wars (WW1 & 2, Vietnam), the Stagflation years (when inflation was in double digits, mortgage rates nearly 20%, CD interest rates were 8 or 9%, and people were killed at the gas pumps because of the embargoes) this inflation pales in comparison. And the upcoming recession won’t hold a candle to the Great Depression.
Inflation is NOT at “an all time high.” Not even close.
The inflation we’re experiencing is quite normal. We’re just not used to it since we haven’t had a spike in quite some time, so it seems worse than it is. (Especially considering that wages have also gone up, but not as high.)
The stock market is rebounding, the price of gas is dropping, the labor market remains strong, and the supply chain is improving (which will also serve to moderate prices). The Fed is taking action to curb inflation—hopefully without triggering a recession.
People who claim to love capitalism and small business are quick to blame other forces for their excesses. Business cycles are normal.
pschearer Premium Member almost 2 years ago
What’s the going price these days? I used to get 25 cents, but that was like 70 years ago.
sandpiper almost 2 years ago
The kid learned about gouging on the internet.
A# 466 almost 2 years ago
Compared to post-wars (WW1 & 2, Vietnam), the Stagflation years (when inflation was in double digits, mortgage rates nearly 20%, CD interest rates were 8 or 9%, and people were killed at the gas pumps because of the embargoes) this inflation pales in comparison. And the upcoming recession won’t hold a candle to the Great Depression.
The Reader Premium Member almost 2 years ago
She is just giving out gift certificates now days.
Zebrastripes almost 2 years ago
https://www.cnn.com/2022/07/29/economy/gdp-recession-fed/index.html
I used to get 25¢ for a tooth! Now it’s anyone guess….
Alberta Oil Premium Member almost 2 years ago
Typical American wisdom.. Inflation is not at all time high and in many parts of the world much higher than what the United States is experiencing.
jscarff57 Premium Member almost 2 years ago
Fair warning…
Rich Douglas almost 2 years ago
Inflation is NOT at “an all time high.” Not even close.
The inflation we’re experiencing is quite normal. We’re just not used to it since we haven’t had a spike in quite some time, so it seems worse than it is. (Especially considering that wages have also gone up, but not as high.)
The stock market is rebounding, the price of gas is dropping, the labor market remains strong, and the supply chain is improving (which will also serve to moderate prices). The Fed is taking action to curb inflation—hopefully without triggering a recession.
People who claim to love capitalism and small business are quick to blame other forces for their excesses. Business cycles are normal.