#9221 ·
Nathan Evans78 said:Look, explain to me how food prices are jumping by 10% to 20% solely because of excessive money printing. Are people suddenly eating two cartons of eggs instead of one just because government subsidies, which were roughly equal to minimum wage, suddenly appeared out of nowhere? That doesn't track.
If you ask me, about 60% of the blame lies with all that cash being pumped into the system during the pandemic and the subsequent destruction of production, while the other 40% comes down to this senseless war and the resulting sanctions.
Tl;dr
If the war hadn't happened, wage growth would have stayed in lockstep with inflation, and we wouldn't be seeing those nasty 5% month-over-month drops.
Food prices began their ascent long before the conflict broke out, though the war and sanctions certainly accelerated the upward trend. Naturally, food costs rise because input costs have been climbing for quite some time. Then, retailers attempted to squeeze farmers to keep prices suppressed—so we simply stopped supplying them. It becomes more profitable to sit idle than to work and accumulate losses simultaneously. Eventually, shelves went empty, and prices spiked beyond all reason. Ultimately, much of this is happening because certain individuals want to play the role of strict regulators over other people's labor and lives, rather than rolling up their sleeves to actually produce goods at the "realistic" prices they imagine should exist. The more they attempt regulation and impose various mandates—like these endless "production standard increases" which carry costs inevitably passed down to the consumer—the higher prices will climb. Or, alternatively, people will simply quit producing altogether (which is what we producers see as the endgame for these imposed policies). In that scenario, I have no idea what the urban populations are going to eat. Essentially, these "regulators" prove themselves to be utterly incompetent. Whether it's regarding the pandemic, agriculture, environmental protection, or anything else—these kids simply haven't a clue.