/biz/ - Business & Finance

>>55042390
I can't take it anymore bros

>>55042399
Paying these prices is showing solidarity with Ukraine and supporting trans kids

>>55042399
Why is sugar considered essential?

>>55042517
What do you think half or more of all goyslop consists of?

>>55042555
seed oils and fake sugar substitutes, you?

>>55042517
I don’t know why it’s considered essential, but wouldn’t you like to know if something went up in price 51% anyway?

>>55042517
Have you ever baked or cooked anything ever?? It an essential ingredient in bread and most marinades and all desserts. Unless your eating nothing but rice and plain chicken and water you'll use sugar.

>>55042390
Well when they implement price caps the in store prices will stop going up but there will be shortages. If they push to far there will be huge shortages and a huge black market.

>>55042390
>I cant afford food
>Govt makes food affordable

wow thanks that was simple

imagine being against helping people fucking cringe.

>>55042735
>defending price controls
It's like you want poor people to starve to death or something.
Economic illiterates deserve death.

>price controls
LMAO europe is so fucked now.
We're likely going to enter another great depression and the government will implement even more misguided policies.

>>55042751
Not this other anon but could explain in layman's terms why price controls are bad?

t.unironically economic illiterate

>>55042879
point by point explanation for newfags
https://austrianeconomics.fandom.com/wiki/Price_controls
Also austrian school economics is correct about everything.

>>55042728
we had price cap on gas and there were no shortages

>>55042906
>we had price cap on gas and there were no shortages
heh

>>55042914
it's funny you think poor people won't starve if they let the prices soar. They can't afford it anyway. If the price rises aren't excusable, cap won't lead to shortages

>>55042930
>it's funny you think poor people won't starve if they let the prices soar.
Having to pay more for food is better than having no food at all(which is what price controls always cause, SHORTAGES).

>They can't afford it anyway.
There are still people that can afford it. The higher prices incentivize producers to produce more, leading to lower prices in the future.

>>55042905
>https://austrianeconomics.fandom.com/wiki/Price_controls
Thanks

>>55042879
Price Caps disincentive producers from making sufficient quantities of a product (companies go out of business, divest etc..) This leads to a situation where demand outstrips available supply to a greater extent than it did before price caps were implemented, meaning prices go up. I'll leave price floors as an exercise to the reader

>>55042946
No problem senpai. Read Mises and Rothbard if you want to go more in depth, or watch misesmedia lectures on youtube.

>>55042945
like I said: these price rises are mostly bullshit. I have seen prices of products go up by 50%, people stopped buying them or they went to the competitor and now they are only 10% higher than before

>>55042950
Sorry I should've specified that you will see higher prices but in black markets generally, depending on the product.

>>55042390
>When will this inflation end
Never. Any other inflation process should end in an economical crisis. A lot of people fall off the wagon. A lot of value is lost, but the system looses a lot of heat and things go back to "normal". Right now they are going to push the ceiling up once again, kicking the can down the road a couple of years. Every time they do that, they make the looming crisis even uglier. Once the whole thing breaks, it will bring down capitalism with it and we'll start living in a neo serfdom system.

>price cap
>goodbye mom and pop
>hello goystore

>>55042972
>these price rises are mostly bullshit.
lol what?
Why is the producer price index higher than the consumer price index then?
>or they went to the competitor
That's just normal market functioning.
The first producer miscalculated what prices should be and lost market share. What's the problem?

>>55042879
To keep it short and simple, it de-incentivize production and reinvest beyond its set price point.

To give a more in depth explanation. Hypothetically, when a prices of a good is too high. Players in and adjacent to that market would try to increase production volume. In order to take advantage of the gains to be had from such high prices. Such an increase in production would then presumably reduce the price of said good because more of it is being made.

However when the real cost of a good is high but the selling is artificially made low. It penalizes sellers of that good and makes them eating the cost directly. In the short term this may bring down prices, but ultimately the good seller will try to reduce production of that good to avoid future further losses. And new players will not try to enter the market either since their is not profitable gain.

>>55042930
Poor people can get a job producing food or other necessities.

>>55042643
You know nothing of history.

>>55042990
>The first producer miscalculated what prices should be and lost market share. What's the problem?
Sure, they miscalculated how much the cost of producing went up. More like they are trying to get away with as much price gouging as they can and blame it on inflation. Record profits everywhere but sure it only went up because of the higher costs of production.

>>55042996
Name me a meal you have eaten this week, and ill tell you which parts had sugar in them retard.

>>55043034
>More like they are trying to get away with as much price gouging
But... they didn't get away with it. They lost a bunch of market share and fucked themselves over. You yourself admitted this.
The price level overall for a good adjusts to it's natural market price. People attempting to price gouge are getting fucked over by their competitors.
>blame it on inflation.
Inflation is objectively rising though.
>Record profits everywhere
The short answer is that profits are not abnormally high as a share of GDP. The rise in nominal GDP caused by inflation has caused all components of it to rise. Profits have risen too, but not disproportionately.
Corporate profits as a share of GDP are within their normal range:
https://fred.stlouisfed.org/series/A445RE1A156NBEA
Total net business surpluses are also within their normal range:
https://fred.stlouisfed.org/graph/?g=KwRP
Again, the problem is inflation, but you retards support money printing lol.

>>55042399
>7% inflation that has passed its peak
My big juicy well trained ass. Meat has gone up in terms of price way more than 12.5%, I call bullshit. And fruit and veggies are ridiculously expensive nowadays. Not joking when I say that meat here (Scandinavia) sometimes costs less per kg than tomatoes or bell peppers. Fricking tomatoes that once upon a time (just two years ago) were considered dirt cheap now cost more than meat, WTF?
It's called greedflation and if there is one thing we can learn from history it's that greed always pays off. This shit ain't going nowhere

>>55042390
When they raise rates

Sinple as

>>55043130
They can't do that, because PIGS will go bankrupt.

>>55042643
> desert
>essential

>>55043139
Good

>>55042643
>sugar
>essential
>bread
antisemitic
them jews had to make unleavened bread because they were in a hurry to steal egypts cattle before fleeing criminal prosecution

>>55042390
If price caps help lower the price of food, then why don't price cap food at 1 cent, always?

>>55042764
>communism is when farmers produce goods for excess profits. The state has no interest in helping if famine or self interested farmers sabotage their equipment as a cope.
Tell me you don’t know anything about politics without telling me.

55043269 (You)
What are you babbling on about?

>price caps
Ah thousands of years of historical failure but we just can't help trying it again

>>55043269
lmao what?
You completely missed the point of the image.
Communists support the source of inflation, money printing.
Libertarians are against money printing.
Yet communists also complain that wages haven't risen with inflation, but don't want to solve the source of the problem.

>communism is when farmers produce goods for excess profits.
What does this have to do with inflation? Absolutely nothing.
If there was no money printing, there would be general price declines.

>self interested farmers sabotage their equipment as a cope.
Let me guess, you're a tankie that blames the "kulaks" for famines in the USSR when every other successful economically liberal western country at the time had "kulaks" that actually had massive price declines in food.

>>55043038
You fucking nigger, we lived for millennia without this shit
It's not my problem you only eat jewish garbage """"food" """

>>55043038
A bowl of dry rolled oats with a glass of milk

>>55042994
>However when the real cost of a good is high but the selling is artificially made low. It penalizes sellers of that good and makes them eating the cost directly
At least the energy price caps don't work that way. They're more like a subsidy where the government pays for the difference between real cost and capped price. These caps probably would work the same way.

>>55043038
Steamed veggies (beans & broccoli & carrot), rice, and fresh salmon.
What sort of niggercattle eat sugar in every meal?

>>55044602
So the taxpayers are paying for it, so it's a subsidy by the 99% for the very poor and the wealthy that don't pay tax - sounds genius.

>>55044734
That's how communism works, bro.

>>55042390
when the last gentile is dead

Fair enough really, it should be more than apparent that we don't have a wage spiral driving inflation but a profit spiral
https://www.cnbc.com/2023/04/21/why-economists-are-no-longer-so-worried-about-a-wage-price-spiral.html

hehe, actually, debt isnt real ;)

>>55042390
Europe is every bit as economically viable as Venezuela

>>55042879
If sugar doubled in price you would only use it when you needed it and would use it sparingly. If there was a food shortage, this is a good thing because it encourages everyone to limit use to essential needs. Putting a price cap makes people not give a fuck that there's a sugar shortage and so they are wasteful and don't limit use. There are also people that hoard it because they know how scarce it is.

There's all kinds of reasons why price controls are harmful.

There's a saying that high prices are the cure for high prices. If the price goes up, companies will be incentivized to produce more sugar which increases the supply which brings down the price.

Price controls do nothing other than harm to the economy and the system. Basic economics.

>>55043118
Do you ever stop to think and consider that you are a gay retard?

>Finnish nuclear plant throttles production as electricity price plunges
>The output of Finland's newest nuclear power facility, Olkiluoto 3, has been significantly cut back because electricity has become too cheap, according to the plant's owner, Teollisuuden Voima (TVO).
https://yle.fi/a/74-20032375

Lmao, I doubt inflation is going to stay high for too long anymore

>>55042390
>price caps
Wow it's the retarded shit that didn't work under communism again.

>>55042390

>>55042390
After China takes Taiwan.
>>55042643
The absolute state of americans.
>>55043320
Communists don't support money printing. They support central planning. The ruble was basically a glorified foodstamp.

>>55045231
> The ruble was basically a glorified foodstamp.
Which they printed until it became worth less than a green stamp

>>55043320
>Communists support the source of inflation, money printing.
>Libertarians are against money printing.
>Yet communists also complain that wages haven't risen with inflation, but don't want to solve the source of the problem.
Inflation isn't the reason wages aren't keeping up with inflation lmao that's just retarded. Companies simply aren't increasing wages as fast as they're increasing the prices of goods they're selling which means the extra profit is going to someone else than the wagies, I understand you libtardians are basically brainwashed retards but it's really not that complicated lmao.

>>55045305
>Inflation isn't the reason wages aren't keeping up with inflation
Inflation by definition is an increase in the money supply. The state does this. Wages never increase with the general price level so you get poorer.
>Companies simply aren't increasing wages as fast as they're increasing the prices of goods they're selling which means the extra profit is going to someone else than the wagies,
Yes, why do you think this is happening, brainlet? Money printing.
Why do you continue to support money printing, the thing that is reducing your purchasing power?
>I understand you libtardians are basically brainwashed retards
Then why do we always win arguments with you cultists? lol

>>55045354
>Yes, why do you think this is happening, brainlet? Money printing. Why do you continue to support money printing, the thing that is reducing your purchasing power?
If companies increased wages by the same amount then nothing would really change when it comes to purchasing power, you'd simply just be playing with bigger numbers. Your understanding of basic economics is literally below that of an average communist yet you pretend like you have any idea of wtf is going on lmao. You're simply repeating some retarded talking point you were programmed to repeat without understanding any of it.

>>55045410
>If companies increased wages by the same amount then nothing would really change when it comes to purchasing power,
They're literally unable to do this. The money printing causes adverse economic effects and distortions.
Why not stop harming the entire economy?
>you'd simply just be playing with bigger numbers.
There is literally less resources for the workers to consume, thus their real wages go down brainlet lmao
>Your understanding of basic economics is literally below that of an average communist
Then why do we always win debates with you bootlicking retards? lmao

Price Controls: Case Studies | Joseph T. Salerno

https://youtu.be/17RDMjCjkAg

>>55043144
>desert
Please be bait

>>55045454
based austrian poster

>>55045446
>They're literally unable to do this. The money printing causes adverse economic effects and distortions.
Literally nothing is stopping them from upping wages except for the fact that they can get away with not doing it so they don't lmao.
>Then why do we always win debates with you bootlicking retards? lmao
I'm not even a communist btw so another thing you're wrong about I guess lmao. Looking at how dumb your arguments are here I doubt you'd "win" any internet debates about anything, not even against a communist lmao.

>>55045483
>based austrian poster

The only map of reality that actually explains the current economic situation.

>>55042390
kek

>>55045507
>Literally nothing is stopping them from upping wages
Except economic forces you absolute retard.
The cost of their inputs has risen.
Why do you want to destroy the economy with money printing in the first place?
This policy you support is literally the reason this is happening.
>the fact that they can get away with not doing it so they don't lmao.
LMAO you unironically think wages are determined by how greedy capitalists are HAHAHAHAHA
>I'm not even a communist btw
You're repeating their arguments, you're either a neetsoc or a socdem brainlet.

>>55045525
>LMAO you unironically think wages are determined by how greedy capitalists are HAHAHAHAHA

Companies will pay their wagies the minimum amount they can get away with. This is literally how it works. Free business 101 lesson for you I guess lmao.

>>55042643
>>55042517
sugar craving bread eaters are infested by fungal growths.

>>55042390
>price cap
LMFAO we WILL ACTUALLY see Capitalist foodlines in our lifetimes AHAHAHHAHAHA

>>55042390
precisely in 2 weeks

im happy to pay the price to stick it up to putin

>>55043224
You can't expect retailers to sell at a loss forever. Implementing the price cap has to be paid for, in the form of government subsidies that must be financed by the government going into debt.

>>55044841
This. Most people just haven't awakened to this fact yet.

>>55045678

>>55044888
Maybe that's one of those catch-22 things where the self reflection necessary to effectively evaluate whether one is a gay retard is beyond the capability of an actual gay retard, such that anybody who thinks about it and concludes that he probably is a gay retard will turn out to be mistaken.

>>55042905
>austrian school economics is correct about everything
Of course it is because it uses basic logic instead of magic MMT thinking where people believe they can use the power of the mind to alter reality.

>>55042930
You understand that people won't sell the fruits of their labour for a loss and put themselves in the poorhouse because the government tells them to right? They will just halt production and the people will starve.
The politicians produce nothing but problems for the populations of their nations and have done for hundreds of years. Maybe we should start permanently removing them from the equation.

>>55042436
giga based.

>>55045629
Dangerously true

>>55045009
>Lmao, I doubt inflation is going to stay high for too long anymore

Inflation is here to stay, the government seems clueless about this so i don't look forward to seeing changes soon as long as we still have wankers at the helm of affair.

>>55047661
The government's solution to inflation is endless borrowing that tells you everything you need tyo know about how our leaders are just empty headed smooth talkers.

>>55047885
>The government's solution to inflation is endless borrowing

Not just borrowing they also hike the fed rates because it's quite interesting to do so, at this point financial suicide is sitting heavily in Fiat.

>>55045568
There's another factor, transportation and taxes plus gas

>>55048028
>, at this point financial suicide is sitting heavily in Fiat.

You would rather sit in gold?

>>55043097
>They lost a bunch of market share and fucked themselves ove
It's fine the "competitor" products is another company they own anyway. All major food factories are owned by the same people. There is illusion of choice.

>>55048428
Gradually getting disgusted by Biz obsession with metals, you live in 2023, but you would rather invest in commodities which were at their prime in the 80s

I would rather put all my eggs in crypto assets the goals is go hard or go home and i am doing that with BTC and a couple of alts like NXRA, EWT,XRP and DOT

Europeans are far smarter than us, their politicians are tackling the crisis head on while ours don't care about us

>>55042517
High prices of sugar are essential to replace it with HFCS.

>>55045270
Why are you making stuff up? You have a lot of material to shit on commies without making shit up.
https://en.m.wikipedia.org/wiki/Soviet_ruble#Exchange_rates

>>55042555
HFCS not sugar which in a large part of the world is made from beets not sugarcane.
>>55042643
>sugar
>essential ingredient to bread
>sugar
>essential
>to
>bread
>DO AMERICANS REALLY?
>inb4 le flour/carbs are sugar *smug face*
Bread is flour water and yeast. As for cooking sugar is used in literally no recipes.

So what sugar prices are up because third world countries cant farm/shit got fucked since covid?

Why the fuck is beet/cane sugar not separate for commodities trading I mean we have more than one type of wheat. Its far easier to grow beets than it is to grow cane. Also less demanding the amount of shit you need to do to farm cane is retarded and wasteful.

>>55043038
amerilard hands typed this

>>55042390
>When will this end
Not until after the great reset. Soon you will have to use Monero to buy food on the black market or you will starve per government policy.

>>55042390
>(((capitalists))) using (((communist))) economic tool
bend over fellow whites time for the kikes to ass fuck us again

>>55042735
>Force companies to sell at a loss
>Business goes bankrupt
>Now no one has any food

Wow, genius.

>everyone is jacking up prices
>companies reaching record profits while people can barely afford anything
>"if you force companies to stop gouging you, everything crashes"
>"if you tax companies harder, they'll just raise prices and pass the buck to you"
How the FUCK are we supposed to handle this?
A hypothetical question, since we all know whats really going to happen.

>>55042390
Never. The economy has been fucked for a very long time, they just cover that fact up by only reporting on the inflation rates within the past few years.

Check before the 2000s, you'll see what a mess it is but they've covered it up well. Inflation hasn't gone up mere double digits, it's actually in the quadruple digits.

>>55052018
Stop printing money. Switzerland didn't print money, and they're basically fine.

>>55042399
Pasta is 100% up you liars

>>55052399

>>55042390
haha so we're at the 'price cap' stage of hyperinflation it seems. interesting times ahesad.

>>55042390
it can end soon if you convert your funds into bitcoin before the next halving and wait

>>55045568
>>55045507
>>55045410
>>55045305
>5pbtID
>lmao'd 11 times
You communicate like a fucking child. You only have one ass. You cannot lmao so often. I bet you didn't laugh once this entire thread. You say lmao because you are insecure, and fear being laughed at yourself.
To the point, it's fitting that you don't respect or acknowledge the finite nature of asses; considering you seem to treat money's relation to productivity in much the same way.

>>55043038
some yummy steak sprinkled with salt

>>55042399
There was this prepared meal I used to buy (prepared meal, what a lazy fuck , I know I know) that was 2,99 eur in 2019 and now is 4,52 eur (I checked last week)

>>55044747
>>55044734
>>55044602
>>55042994
interesting read

>>55042930
>cap won't lead to shortages

I just had a great idea anon, let's cap beachfront houses at $10,000. Then everyone can have one!

The price of something is set by the supply vs the demand. If there's more demand for X than supply, the price of X goes up. This is good, long term, because then more people will make supply, or redirect supply, to chase the higher prices, supply rises to meet demand, and prices drop.

If you just cap prices, there is still not enough supply to meet demand, so there will be shortages. Actually the shortages will get worse, because there is absolutely no reason for anyone to risk any money trying to make X when the price is capped, and they'll invest their money chasing things that can still produce a profit. No new supply, and likely you'll see existing supply cut back because you can't make money doing it.

>>55042390
About 1-2 years after they stop QE and raise interest rates significantly higher than the inflation rate. As long as interest rates are lower than inflation, people are going to keep borrowing and spending more than they produce, which pushes prices up.

>>55045410
>If companies increased wages by the same amount then nothing would really change when it comes to purchasing power, you'd simply just be playing with bigger numbers
NO. Inflation significantly changes people's time preference. Saving is discouraged when money is losing value, so there is less excess productivity (measured by savings) with which to invest and increase productivity. That's just one of many things that changes with inflation. It also encourages malinvestments as ventures that otherwise wouldn't be viable are able to temporarily operate on cheap credit and destroy much more value than otherwise would have been possible.

>>55054984
>le mmt victim

It's always amazing to find someone who can both spell and actually believes this

>people are borrowing cheap money to spend on food and just setting it on fire!

>>55052915
lmao

>>55042643
Lol yeast eats starch, not sugar. Sugar is a preservative added to increase shelf life. It ruins the flavor of fresh bread. Recipes tell you to add sugar because of decades of lobbying and bribes from the sugar industry.

>>55042930
it's funny you think I'm going to keep making canned tuna when the government tells me to pay half of the price for every can that gets sold

>>55042390
I honestly don't know anymore.

>>55042390
grass is edible. chew it and swallow the nutrients but not the cud
as a rule of thumb what animals eat is edible to humans

>>55043144
more than you think. the amazon forests receive tons upon tons of sand every year from, believe it or not, the sahara!
quite the cool fact to make up for your typo, eh?