For context – I just saw a post that said for the first time since 2020 McDonald’s hasn’t made as much money or something, and their prices have increased 40% since 2019. – if big companies start losing profit because people chose to not spend their money there because they can’t afford it, Would prices ever go back down?
In: Economics
pretty straightforward. But people won’t do it for moral reason and wanting to protect American job.
lift oil sanction against russian and venzuela, so upstream oil price come down. This affect both transportation and energy, fertilizer. Oil and natural gas have multiplicative effect
Remove import tariff for Chinese goods. Foreign manufacturer price undercutting American manufacture will prevent domestic maker from raising price or else foreign maker will grab all the market share. This is pretty much the primary reason why inflation was staying low after 08 printing, we export our inflation oversea.
So just think of you’re paying 40% more on rent and grocery in order to fight for urkraine and protect American job.
In a way, it’s a patriotic to pay more, because it’s showing your loyalty can’t be bought. So you just got to reframe paying more for inflation as serving your country without actually joining the army.
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