Inflation Watch: Thanksgiving Dinner Edition

[Martinghoul]

Quote from Tsing Tao:
My assertion that the common man is experiencing inflation due to the flooding of the world with liquidity? When will I accept that as false? I suppose when it stops happening. *shrug*

Nah, your assertion that the world *will* at some point in time be ablaze and destitute because of inflation, which in turn is a result of all this money printing? Say, the world isn't ablaze and destitute in the next 5 years, will that lead you to conclude that you've been wrong? In other words, what data/facts/info do you need to see over what period of time to conclude that you have been wrong about inflation, etc?

Quote from Tsing Tao:
So how much did you spend on dinner on November 2nd of this year?

I don't track it like that, sire. I aggregate the amounts we spend on groceries and other stuff for the month. I assume that my habits (e.g. how many times, if at all, we eat out per week) are relatively stable. Obviously, this assumption isn't always 100% accurate.

 

[WaveStrider]

Quote from jem:

the stronger the socialism and taxation the less fluidity and income inequality. Just look at the communist countries and the big socialist countries throughout history. big govt equal big protected cronies. Why do you think the super rich support the democrat party. They want worker drones and no competition.

and don't give me that bullshit gini co efficient. I do not want everyone making the same. That is perhaps the opposite of what we want.

Hey, inflation is just wealth transfer via the time value of money.

Who gets to use the money while it can still buy present value of goods and services?
Who gets the inflationary dregs?

When the legitimately working poor start screaming they can't subsist on what they make because of inflated prices, they are actually the canary-in-the-coalmine for the middle-class, who get hit by the inflation on the wave rolling down the ladder, and then are screwed again as it is reflected back from the bottom rung as increases in min wage go through.

But of course, this is where the emotion-baiting hook meme goes out that the min wage workers (the economically/politically impotent people) are CAUSING inflation rather than reacting to it. LOL.

 

[Lucrum]

Quote from Ricter:

You're wrong....

NO, YOU'RE WRONG!

 

[Ricter]

Quote from Tsing Tao:

Ah, a random sample of 4 towns beats the US average by Bloomberg. Got it.

Not random, I went looking for higher prices. Even so, they were lower than those in the article. I'll admit the article was referring to September prices which, amongst experienced turkey shoppers, is the wrong time to buy.

 

[Tsing Tao]

Quote from Martinghoul:

Nah, your assertion that the world *will* at some point in time be ablaze and destitute because of inflation, which in turn is a result of all this money printing? Say, the world isn't ablaze and destitute in the next 5 years, will that lead you to conclude that you've been wrong? In other words, what data/facts/info do you need to see over what period of time to conclude that you have been wrong about inflation, etc?

Ah, so now you're telling me what my assertion is. I merely pointed out the widening gap where the poor get poorer and rich, richer due to central bank policies. Eventually, it will come to a head, politically or otherwise.

Quote from Martinghoul:


I don't track it like that, sire. I aggregate the amounts we spend on groceries and other stuff for the month. I assume that my habits (e.g. how many times, if at all, we eat out per week) are relatively stable. Obviously, this assumption isn't always 100% accurate.

Right! So the question you asked me, sire:

Quote from Martinghoul:


EDIT: Has the price of a Thanksgiving dinner increased for you since last year or is your experience in line w/the published findings from the farm bureau?

is really along the same lines. I can't tell you what a dinner costs when we cook at home. It seems you can't either.

 

[Tsing Tao]

Quote from Ricter:

Not random, I went looking for higher prices. Even so, they were lower than those in the article. I'll admit the article was referring to September prices which, amongst experienced turkey shoppers, is the wrong time to buy.

Whoa...maybe give Bloomberg a call and tell them your "I went looking around for higher prices on the internet" trumps their data, and they need to hire you to write the articles.

 

[Ricter]

Quote from Tsing Tao:

Whoa...maybe give Bloomberg a call and tell them your "I went looking around for higher prices on the internet" trumps their data, and they need to hire you to write the articles.

No need to get snarky, just do better thinking about what you read (and buy your turkey in November).

Anyway...
Inflation is tame, the Fed is not evil, fiat money is fine, and the Laissez Fairey does not exist and is not wanted in any case.

 

[Lucrum]

Quote from Ricter:

Anyway...
Inflation is tame...fiat money is fine...

A little early to be drunk isn't it Lil Ricky?

 

[Tsing Tao]

Quote from Ricter:

No need to get snarky, just do better thinking about what you read (and buy your turkey in November).

Anyway...
Inflation is tame, the Fed is not evil, fiat money is fine, and the Laissez Fairey does not exist and is not wanted in any case.

 

[Martinghoul]

Quote from Tsing Tao:
Ah, so now you're telling me what my assertion is. I merely pointed out the widening gap where the poor get poorer and rich, richer due to central bank policies. Eventually, it will come to a head, politically or otherwise.

OKI-DOKI, I see. I can't entirely disagree with this.

I can't tell you what a dinner costs when we cook at home. It seems you can't either.

No, no, I can definitely tell you what it costs on average, by taking the cost of my monthly grocery bill divided by the number of days. My question was specifically about Thanksgiving only because it's a "special" dinner.