We just spent $100 for lunch at Chili's. Would Chili's ever lower the price of their hamburger to pre-inflation prices?
You're viewing a single comment thread. View all comments, or full comment thread.
Comments (24)
sorted by:
And to end inflation Volker rised rates to double digits. He also had the usury laws changed to allow that. Those laws were not put back into effect when rates went down which is why credit cards can have 30% interest. Obama’s treasury sec said real inflation was around 18%.
Rates need to be at least 10% higher to have any effect. But you are correct. No. Items priced in dollars never come down.
Weimar America incoming. Many Americans did Nazi that coming.