Inflation

[stattointhailand]

Funny that coz I never think about what this or that would cost in UK (mainly coz i'd be comparing 2020 Udon with 1990 Romford prices)...... I do get the odd shock when someone on you tube complains about paying GBP 7.30 for a pint at West Ham home matches, then I remember paying almost 10 euros for a beer in Paris in the 80's

[parrot]

Funny that coz I never think about what this or that would cost in UK (mainly coz i'd be comparing 2020 Udon with 1990 Romford prices)...... I do get the odd shock when someone on you tube complains about paying GBP 7.30 for a pint at West Ham home matches, then I remember paying almost 10 euros for a beer in Paris in the 80's

When we were marooned in Texas for 13 months over covid, my wife would fix up a plate of beef lahb. She never used fancy beef as it's all finely chopped up with a knife......so never a concern about price. But then she'd head to the supermarket to buy mint, basil, green onions, romaine lettuce and those ingredients would exceed the price she'd paid for the beef. God forbid she'd need a bottle of Saap Mike......$11 a bottle, compared to 35 Baht here.

[henry1]

so why does america just keep printing cash ? of course it's capitalism , it's based on consumerism ,without cash flowing the whole thing collapses. did you not get your free cash from the american government ?

It is not capitalism. It is not free enterprise. It is government subsidizing private citizens.

I have never received free cash from the federal government.

Agree with you

[Kenr6583]

It’s not private citizens receiving subsidies, it’s oil companies, pharmaceutical companies, Amazon, Tesla, those are the ones receiving the subsidies.

The interest rates being next to nothing for so long is what has caused this problem, individuals spending more money on wants than needs, and now it has come full circle. Interest rates are still too low, and when they reach where they should be, things will get back to normal, whatever that may be.