No, I believe that supply shortages were real, but the higher prices were a direct result of low supply and high demand. Remember all the free money they gave us? That only increased demand for consumer goods. The manufacturers didn’t lose. Prices are still high to satisfy their stockholders.
I’ll add, it was a world-wide phenomenon caused by actions taken to slow the spread of Covid. Mainly, shutting down non-essential production and having employees stay home. Not just in the US, but around the entire globe. This caused a dramatic decrease in production of course.
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And to give just one example, Gainesville Ga is one of largest poultry producing areas in the SE. Tyson Foods in one of the largest and most employed in that area. In 2020, they had to shut down most of their production because of the pandemic and outbreaks of covid in their processing facilities. That stopped the supply of chickens being delivered, chicken farmers not needing as much feed, and the feed producers not being able to sell their supplies to the farmers.
They all lost money in those years. Business wise, to make up for their losses during that time, they inflated the prices across the board, thus causing an “inflation” as we see it today.
And this is happening in all business sectors.
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More demand vs supply since bureaucrats create nothing. Thus every government employ hired is inflationary. They increase demand and decrease production.
A government with no employees isn’t much of a government at all, lol. Running a government at any level is fairly complicated and requires skillful people. The people on the sidelines criticizing every move would probably not like it if they were under the same microscope in their own jobs. And that is why we have to pay government employees a fair wage and benefits in order to stay on the job.
“It is not the critic who counts: not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat.”
—Theodore Roosevelt
Speech at the Sorbonne, Paris, April 23, 1910
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[quote="Ryan Uecker, post:45, topic:242666, username:ruecker”]
The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat.”
[/quote]
LOL!
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Well, you are retired so you should have plenty of time to donate to public service, no? Or do you just want to be…
[quote="Ryan Uecker, post:47, topic:242666, username:ruecker”]
Well, you are retired so you should have plenty of time to donate to public service, no? Or do you just want to be…
[quote="ruecker, post:45, topic:242666”]
the man who points out how the strong man stumbles or where the doer of deeds could have done better…
[/quote]
[/quote]
Hello, Mr. Kettle…
Yeah, I’m the one constantly complaining about government on here, lol. 
At the same time, I’m accused on a regular basis of defending government. Guess you can have your cake and eat it too!
Don’t worry you’ll reverse when the times change, Mr. Kettle. 
Not true at all. I’ve said many times I will support whoever we elect. In reality, working to affect your local, city, county, and state government is going to have a much bigger impact on your life that who the president is. But of course that involves a lot less drama.
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Talk is cheap. The proof will, of course, be in the pudding…we’ll see.
Do a search. I’ve talked positively about some of Trump’s economic policies as well as his willingness to stir things up. What I don’t like though is his unwillingness to accept defeat and the turmoil that caused.
I mean honestly, you would have to be a bit crazy and/or a lunatic to throw yourself into a high ranking elected office nowadays. The vast majority of us are automatically not feasible due to what the press would dig up from our history. Anyone willing to do it, I’ll pray for them, lol.
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And, yet, they do it by choice. God love ‘em.
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Exactly, but Tyson never stopped being profitable. They did, however, take a hit on their stock prices. Our economy is largely driven by the stock market.
Exactly. Just as it’s supposed to be - small. The Constitution only gives the federal government a very small list of duties. A federal government that is a tenth of what we have today is way too big.
The Constitution neither establishes administrative agencies nor explicitly prescribes the manner by which they may be created. Even so, the Supreme Court has generally recognized that Congress has broad constitutional authority to establish and shape the federal bureaucracy. Congress may use its Article I lawmaking powers to create federal agencies and individual offices within those agencies, design agencies’ basic structures and operations, and prescribe, subject to certain constitutional limitations, how those holding agency offices are appointed and removed. Congress also may enumerate the powers, duties, and functions to be exercised by agencies, as well as directly counteract, through later legislation, certain agency actions implementing delegated authority.
We don’t mind paying taxes at Berkshire, and we are paying a 21% federal rate. If we send in a check like we did last year, we sent in over $5 billion to the US federal government. And if 800 other companies had done the same thing, no other person in the United States would have had to pay a dime of federal taxes…
