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If inflation comes up at the dinner table tonight, don’t forget to draw attention to the deeper structural driver of inflation: the concentration of the American economy in the hands of a few corporate giants with the power to raise prices, even as they rake in record profits.
@rbreich ooohhhh, is there a graph for this somewhere?
@rbreich IMHO, the root cause are the oil companies. Time to nationalize these bastards.
@rbreich or hey, they can draw attention to the fact that Thanksgiving has a horrible colonial history and we should talk about it.
@rbreich many hugs from Chile!
@rbreich As this conversation ensues, I'm the guy leading the people who take the pie and the whiskey into the other room and turn on the TV.
@rbreich I never missed opportunity to make this point...since 90's...
@rbreich
If you're talking ugly politics at a family dinner table during a time where you're supposed to express thankfulness for what you have in life...
you do not have enough family to fuel holiday family drama
@rbreich but don’t forget to than the cook.
@rbreich Only thing inflated around here today is my waistline. Why did I go back for seconds?!?!?!?!?
@rbreich
translation of what Robert just said:
Greed
@rbreich that plus the pervasive compensation/bonus incentives for overpaid CEO’s being driven by the stock market’s insatiable appetite for growth and profits. Obviously shareholders are in on the game…
@rbreich i have noticed pre-pandemic on-sale prices on some food since election day.
@rbreich Relative: "It's all Biden's fault."
Me: "How so?"
Relative: "His policies"
Me: "Which policies?"
Relative: "All the regulations he's added."
Me: "What regulations?"
Relative: "Well, I don't know all the details."
Me: "I see. What impact have corporations raising prices to levels where they have record profits had?"
Relative: "I don't know"
Me: "What about zero Covid policies w/ lock downs in China affecting supply?"
Relative: "I don't know, I don't know these things"
Me: headache grows
@rbreich Biden offered the Inflation Reduction Act and every single R voted against it.
@rbreich As a now retired Pricing “Expert”, I can confirm that an inflationary environment opens a window for companies to gain margin through prices increases in excess of cost increases. Those firms who can, always will. That is free enterprise. Just can’t collude with competitors.
@rbreich inflation did come up outside talking about cars but I totally forgot to complain about the hedge funds and CEOs and crap. Just complained about manufacturers locking out tuners with software we can’t edit. Next time I’ll blame the oligarchy, promise.
@rbreich Inflation. Didn't the tariffs Trump imposed raise prices of imported goods significantly? How much of this is on his hands? #TrumpTariffs
@rbreich I think whiteboard marker wipes off of porcelain plates.
@rbreich While I find your posts insightful and informative, they are also very negative and depressing. Have you considered peppering some positivity into your roots?
@rbreich Our Tofurky was $9.99 this year, exactly the same as last year. Tofurky inflation= zero!
@rbreich gas is going down across the Midwest
@rbreich I have been to Europe twice this year and South America once. Inflation outside the US out of control. Democrats need to start defending themselves agains the idiotic attacks from Republicans. This is NOT a Biden inflation. This was a lack of preparedness to emerge from a pandemic. Enough with this when they go low we go high! That lost us the House!