Elizabeth Warren is writing threatening letters rather than looking in the mirror.
On Monday, Sens. Elizabeth Warren, D-Mass., and Bob Casey, D-Pa., sent a letter to Kroger CEO Rodney McMullen that questioned the grocer’s rollout of electronic shelf labels, arguing the technology could make it easier to increase the price of high-demand items.
How dare a business do something with their own property that makes operating their business easier?
I remember making labels when I was younger. Took forever changing them all out!
It's been a long recognized friction in price inflation. Usually referencing restaurant menus, rather than store tags, but it's the same idea.
The inflation scam is that they get new money to their cronies before prices have time to adjust.
Faster adjusting prices directly undermine that scam.
I guess that is true. I just never got the idea of printing money and buying gold. Seems counter intuitive.
Who's buying gold?
China, russia, india, the us.
Is the US buying gold?
Those other countries are trying to protect themselves against US inflation. Most of their currency reserves had been US Treasuries.
US is always buying gold. Just not massive amounts like India and China.
Not true for India. India buys Gold for two reasons. One because our woman love it too much. We have exceptional demand for gold. Second, which is important, India still follows Gold Standard partially.
I remember Zimbabwe stories where prices get changed on the blackboard while you're shopping in the store.
It's complete madness.
People think Bitcoin is volatile.
Just imagine when it is stable and fiat is the one that is volatile.
Zimbabwe had fiat. It was volatile.
He should have replied "actuallllllllly it makes it easier to lay people off". Doing price changes is a laborious task.
You are not kidding. I used to do it as a kid in my dad's pharmacy.
I think I mentioned to you that before I had my business I used to manage retail pharmacies (similar to CVS type of store). Price changes were always a pain in the ass.
Yes. I think I remember that. Ours was a mom and pop store in the early 1970s. No fancy equipment or rigid systems in place.
Well, do you think prices are rising just because of inflation, or because they see they can make more profit?
50 years of uncontrolled money printing and currency debasement. Check out the history of Weimar Germany. Politicians did the same thing. It's always done when a currency collapses. Blame the business people. They are easy targets.
Warren's letter is truly ridiculous. Attack the use of new technology that can make it easier to raise prices in the future?
Weimar Germany. I remember reading that they used the bills as wallpaper, since it was cheaper.
Politicians scam people by pretending as social workers and here you present a good example of it.
Blame game will continue forever. The politicians never want to let the people think about reality.
Ohh! Great to see that politicians are sane everywhere! When they have nothing else to do they start deflecting Blame.
They are spreading conspiracy theories
It must be more than just, run of the mill cognitive dissonance, that plagues these guys.
lol haha omg yup gotta blame someone especially big corporate ahh man the show goes on this made my day i tell ya....lol in other news 2024 i keep hearing is the year of exposure we are seeing alot of these scapegoats come to surface like an Epstein, Diddy, etc. So much activity happening this year and I only believe it will get crazier the closer we get to the elections
In a fractional reserve system inflation is a given. For some it's acceptable at 2% but to me this theft is unacceptable and that's why I save in Bitcoin.
mirror ? 🤠
https://m.stacker.news/44348
The following article explores how the 2024 election has thrown the issues of inflation and a rise in the supermarket prices into relief. Both parties have politicians grappling with these issues. Democrats and Republicans each attribute different reasons for this expensive groceries. It has indicated that companies from Walmart to McDonald's are attracting increasing scrutiny of their pricing policies