Inflation from Money Printing, Survival, or Greed?

I posted some of the post below as a reply in another thread but I figured the topic might make a decent thread of its own, which is... Where have you noticed price increases that feel more like price gouging than just inflation caused by the standard money printing or supply chain excuses?

For me, it does feel like certain things are prohibitively more expensive than they used to be just out of greed, or perhaps trying to dig out of the Covid hole? I don't know.

Example... My wife and I went out to lunch the other day at a restaurant that's built right into the side of a local mall. And it's one of those places that serves a little bit of everything, and it wasn't busy at all like I remembered it to be in years past, so we're not talking about a situation where there are just so many more customers waiting around to be seated than there are seats to fill. When I saw the prices on the menu I was like WTF is going on? Examples:

Bacon Cheeseburger - $23
Crab Cake Appetizer - $25
9oz sirloin - $36
BBQ Ribs - $39
Sea Bass - $50
8oz Filet - $55

And even a side order of fries was $8. I mean, the whole experience felt like the biggest ripoff ever. We're not talking about Morton's steakhouse here. It's a mall restaurant for crying out loud.

Another massive ripoff I've noticed recently has been coffee shops. That same day my wife and I went out to lunch, we took a quick stroll around the adjacent mall afterwards. I haven't stepped foot in that place in about 4 years, and it was a total ghost town. As we were walking around, I stopped in Starbucks and got a large cold brew coffee... black. No sugar. No creme. No fancy latte bullshit or anything like that. The cost: $6.48.

Fast forward a few weeks later. I'm on the Gulf Coast of Florida at a Marriott hotel and they have a full-blown coffee shop and breakfast area beside the lobby. I order my usual large cold brew and lo and behold we set a new record. Grand total with tax: $8.00

Eight... friggin'... dollars... for a black coffee.

I work from home so 99% of the time I'm making my own coffee, cooking my own meals, etc, so I'm oblivious to what's going on in the outside world. So yeah, maybe it's just me living under a rock for so long that's the issue. Not sure.

Have you noticed that pricing just seems to be out of control in your area? If so, give an example.


Rep Katie Porter's Whiteboard for speaking truth to power. Her timeline of calling out industry insider's is epic.

 
Rep Katie Porter's Whiteboard for speaking truth to power. Her timeline of calling out industry insider's is epic.

Ah, verbiage straight from the Marxist Playbook for Fifth Column Marchers, 1962 edition. That will surely convey useful, truthful, and accurate information...

BTW, you'll want to review the definitions section of that manual: "Truth To Power" only applies when people NOT in power put themselves in danger - life, sacred honor, all that - by exposing secrets about those IN power over them. This in no way applies to a scummy politician pretending to be shocked by publicly available information in front of other scummy politicians in order to get some degree of leverage over them for deal-making. It's as boring as a hooker's thirtieth trick on payday; there's absolutely nothing "epic" about it.
 
All you can ever do is treat people how you would want to be.

Just wanted to say - after heartily agreeing with the rest - that this is pure gold.

I've had a couple of businesses of my own - quite the learning experience, given that my early upbringing in Russia contributed nothing useful to that process, and one hell of a lot of stumbling blocks - and I was blown away by the degree to which being a good, decent person was rewarded. Sure, there were a number of outliers... but in the main, it was an education in practical morality: the more value I brought to my customers, the happier both they and I were. It was A LOT of work, but the rewards were appropriate and highly satisfying.

Per the socialist dogma I grew up with, there were supposed to be whips, groans of the abused and tortured labor suffering in chains, and bags of money that I would cackle over... well, OK, the bags of money (medium-sized ones) were a part of the deal, but the guys who worked for me seemed pretty damn happy, and so were my customers. Maybe I was doing it wrong? Any of you Evil Capitalist Pigs here care to clue me in?

(It would have been nice if I'd managed to keep any of that dosh, but... I was rather young and clueless about budgets, investment, finance, or anything like that. Oh well. Trying to rebuild now, and maybe hold onto it this time. :) )
 
...Maybe I was doing it wrong? Any of you Evil Capitalist Pigs here care to clue me in?

(It would have been nice if I'd managed to keep any of that dosh, but... I was rather young and clueless about budgets, investment, finance, or anything like that. Oh well. Trying to rebuild now, and maybe hold onto it this time. :) )...

The only thing worse than an evil capitalist pig making money, is an evil capitalist commie that does not know how to hold onto it after making it, like the evil capitalist pigs who squanders it away like you did. I'd say you are par for the course, but are on the path for improvement. I can smell it in your messaging. You are here to kick ass and make money, and to hoard toilet paper. And you are all out of toilet paper.

Which is why you will make more money. Because as a commie you lack TP...And as a capitalist pig you will make the money to buy more TP...Umm...I don't know where I was going with this.

K, I shut up now *runs out of room and slams door*.
 
Which is why you will make more money. Because as a commie you lack TP...And as a capitalist pig you will make the money to buy more TP...Umm...I don't know where I was going with this.

K, I shut up now *runs out of room and slams door*.

:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D:D

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Nah, it's actually customers - vicious bastards, every last one of them! All thieves and ripoff artists, always wheedling you for a discount and running off to competitors when there's even a penny difference in price, or the other guy's product is even a tiny bit better. Those traitors. Why, they'd rob you at gunpoint if they could, or sue you into the ground! Can't trust them for a second.

...

Huh. It's as if, I dunno, you could imply hostile intent to people no matter what side of the transaction they were on. Weird. Maybe that's a really stupid thing to do? Especially for a type of interaction that takes place millions of times per day, pleasantly and without friction 99%+ of the time? One that, in a larger context, has brought the greatest amount of peace to humanity, by replacing the violence-based method of taking money with the cooperative, voluntary method of making money?

The most important single central fact about a free market is that no exchange takes place unless both parties benefit.
-- Milton Friedman

Right, the buyer at the high transaction price should be equally to blame, how dare they price me out. Somebody above mentioned DRAM price, however bitcoin miners and traders were part of the demand spike yet they get spared the indignation - no logic except for hatred of corporations. Just came here and I am blown away that traders of all people would be so sanctimonious and left thinking about this. Really?
 
[...] no logic except for hatred of corporations. Just came here and I am blown away that traders of all people would be so sanctimonious and left thinking about this. Really?

That's basically it. The socialists here have been pumping that message ever since the 60s, and they've managed to take over a certain percentage of people's minds.

A bit of a view from the other side: when I was a kid growing up in the USSR, we all knew about the GRU-run program to take over the US colleges and universities in order to influence the Americans' minds, and we used to laugh about how naive "they" were... because all of us Russians were so cynical that we'd spot that kind of thing immediately. Anything that went counter to the "correct" context would instantly set off all kinds of alarm bells.

[sigh] It's rather bitter to me to note, after almost 50 years of living here, that that cynical take was correct. That - I don't want to call it "gullibility" - that kind, charming American willingness to give a stranger's viewpoint a hearing has allowed the poison they were trying to spread to penetrate and take root here.

So yeah, "evil" corporations and "greedy" capitalists and ALL that shit I grew up hearing. I recognize every bit of it, and it makes me shudder.
 
That's basically it. The socialists here have been pumping that message ever since the 60s, and they've managed to take over a certain percentage of people's minds.

A bit of a view from the other side: when I was a kid growing up in the USSR, we all knew about the GRU-run program to take over the US colleges and universities in order to influence the Americans' minds, and we used to laugh about how naive "they" were... because all of us Russians were so cynical that we'd spot that kind of thing immediately. Anything that went counter to the "correct" context would instantly set off all kinds of alarm bells.

[sigh] It's rather bitter to me to note, after almost 50 years of living here, that that cynical take was correct. That - I don't want to call it "gullibility" - that kind, charming American willingness to give a stranger's viewpoint a hearing has allowed the poison they were trying to spread to penetrate and take root here.

So yeah, "evil" corporations and "greedy" capitalists and ALL that shit I grew up hearing. I recognize every bit of it, and it makes me shudder.

Very interesting background, I had a Chinese friend a while back who said the same thing, American leftists were reminding him of the cultural revolution. Western Marxism is a neat trick isn't it? Get people living an otherwise comfortable life to hate Apple for making profit off selling i-phones even though that activity has nothing to do with them, it would be funny if it wasn't so damned dangerous. I don't have your background but I can see these folks for what they are, masters of gaslighting, telling the rest of us how greedy and awful we are all the while it is their own envy and hate driving their thoughts. Geez really though, a marxian market trader, how the hell does one's brain not explode with that one? some of these folks must not be traders
 
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