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OmahaInvestor

12/14/23 2:20 PM

#106061 RE: Prudent Capitalist #106047

People are so quick to jump on the economy bash-wagon. Most people case their judgement of how the economy is doing solely on what things cost….food, fuel, general goods and services, etc. Yes, prices soared during Covid due to supply and demand … a known principle of economics 101.

While high prices on some things have gone down, some have not or gone higher. For example, the price of eggs shot up when there was a shortage of eggs due to the bird flu and having to slaughter egg laying chickens to contain and curtail that blight. But how many people knew the real cause was not inflation? This country is so politically divided, the knee jerk response is to blame inflation.

Gas prices too high for a person’s liking? That’s not inflation! It’s CORPORATE GREED plain and simple. Oil companies have had record breaking profits year after year.

My response to your response is because you are right. And the post that triggered yours is either out of ignorance or intentionally misleading. Either way, that person is not accurate on that point.