The Data Is In -- The Evidence Is Clear Cut -- Inflation: Supply And Demand -- Nothing To Do With Government Spending -- Period. Dot. -- October 16, 2024

Locator: 48590INFLATION.

Don't take that out of context.

More later.

But it's obvious. 

And the "price of eggs due to inflation due to government spending" is getting tedious. Anyone who talks about the price of eggs in this context is …. shall we say, obtuse?

Housing prices: nothing to do with government spending; everything to do with supply and demand.

Same with rent.

Auto insurance? Nothing to do with government or national deficit.

More to follow. 

Everything, everywhere happening all at once. 

In This Economy? How Money and Markets Really Work, Kyla Scanlon, c. 2024.

Exhibit A:

October 14, 2024: avian flu -- egg-laying hens hit harder than turkeys -- now, can we move on?

October 13, 2024: Walmart: awesome. Protein at 88 cents / pound is pretty cheap source of protein. Salmon $5 for four ounces, or $20 / lb.

This is an incredible "moment" for Walmart. They love "rolling back" prices and as fast as wholesale prices are falling, Walmart is passing those savings to retail customers as fast as they can. "Our" Walmart was filled with "rollback" tags today. But frozen turkeys is what caught my eye. At 98 cents / pound, less expensive than last Thanksgiving, and now Walmart has rolled back that price to 88 cents / pound.