RE: Objects in Bag May be Smaller Than Expected!

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RE: Objects in Bag May be Smaller Than Expected!

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jacobtothe in Silver Bloggers • 22 days ago

I'm glad eggs are cheaper than that here. I paid about $4 for a carton of 18. Still a lot, but not your insanity!

No one seems to talk about the COVID money supply inflation. Something like 40% of all the dollars ever created happened then, and it slipped under the radar. Cantillon effects and the slow propagation of money through the economy can only create distortion, and that's assuming there are no supply chain issues. There were those, too.

Greed is a constant, but politics is a series of shocks as people play tug-of-war with our lives. No wonder we feel stretched thin.

22 days ago in Silver Bloggers by jacobtothe

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denmarkguy 22 days ago

We'll see when/if ours come down a bit. We're laboring somewhat under the strange cage/free-roaming laws of the United People's Socialist Republic of Washington State... just makes it slower to filter down, even though Safeway/Albertson's isn't based here.

COVID is going to take a long time to "unpack," if we ever will. Was it an economic thing, or a control thing, or an indoctrination thing... or a combination of the above?

Money flows are likely very difficult to predict... for example, we used our "stimulus checks" to upgrade our garden from "a few plants for fun" to a structured growing operation that provides the bulk of our grown food... outside conventional supply chains. Other people saw an opportunity to buy big screen TVs...

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jacobtothe 22 days ago

Some paid down bills, or invested like you did. Others were of a more short-term consumerist mindset. This is one of the reasons I am skeptical of UBI proposals, too. Will people build, or coast along? It depends on the person. Producers or plunderers? Makers or moochers? And such redistribution will be funded by either ongoing inflation or more taxes on the producers. It's a perverse incentive structure whenever anyone tries to manage such a complex system where the parts are human beings with varying morality, time preference, and even taste in style.

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denmarkguy 22 days ago

I'm skeptical of the "universal" part of UBI. It might be more viable if it comes with conditions. Like our friend Chris gets food stamps... he can't just buy beer and cigarettes. Sure, he can buy pizza and candy bars, but he's incentivized to buy fresh produce because it gets him a $60/month bonus.

Don't just hand people money, give them a card (like a gift card) that only authorizes for things like groceries, utilities, medical expenses, rent and such... the basics of staying alive. Is that taking people's "freedom?" Not really, they are perfectly free to not accept the conditions, and not get the benefits... it's just a contract.

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