US consumers remain unimpressed with this progress, however, because they remember what they were paying for things pre-pandemic. Used car prices are 34% higher, food prices are 26% higher and rent prices are 22% higher than in January 2020, according to our calculations using PCE data.
While these are some of the more extreme examples of recent price increases, the average basket of goods and services that most Americans buy in any given month is 17% more expensive than four years ago.
Because capitalism inherently brings corruption, and when a bubble bursts the fever goes down and we think things are OK… until the next bubble
The bubble will burst eventually, it’s just a matter of when. Unfortunately it’s not next week.
Yep, then enter goverment “action”, the regular news cycle and then once everyone calms down shit will just go back to business as usual until the next bubble
Looking at history, Id rather say humans bring corruption regardless of the system we’re using.
There was no time or system ever where corruption wasn’t a thing.
This is true and Socialism isn’t a silver bullet, it always falls on the people to make whatever political model work.
That’s why you gotta buy high and sell low, like I do!