Plus: Military recruiting. The UAW strike. Sex and politics.
Two XL pepperoni, one small price hike, please
I have some really horrible news: That $1.50 slice of pizza on the corner is never going back to 99 cents.never again be $6, but then pull yourself together. The ’za won’t drop in price — but you shouldn’t actually want it to.Nobody wants their bills getting noticeably bigger with every shopping trip, but the opposite is also dangerous territory. Under deflationary conditions — pricesover time — people put off purchases until later, when prices should be lower.
Inflation also has benefits in and of itself, beyond staving off deflation; Catherine walks us through them. We survived the harrowing transition from Two-Buck Chuck to Three-Buck Chuck. We will make it through the grief of losing dollar slice. Get on board with the Fed, and you might even cheer next year when your cheese-with-pep is $1.53.Today’s expansion of the United Auto Workers strike to 38 plants in 20 states is … not the way the. There are a whole bunch of reasons to hope for a deal, including protecting consumers who already find cars expensive and protecting a fragile economy.
History shows that certain elements of industrial policy can work well, Fareed writes — but trade barriers and attempts to revive manufacturing are not among them.
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