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1 sat \ 5 replies \ @Undisciplined OP 15 Mar \ parent \ on: Gas, Inflation, Mortgages, and Eggs See Sharp Declines Across U.S. econ
The egg situation is part of what they're talking about. Prices have started coming back down.
If producers and retailers were expecting "calamity" they wouldn't be dropping prices.
You're right about that. Do you think the market will stabilize and everything will return to normal? I don't think so.
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It depends what you mean by "return to normal". I don't think it'll go back to what it was, because there are new economic policies that change the profit and loss calculus for everyone.
If the policy changes ever settle down, then I do expect the economy to stabilize around that new incentive structure. Will we be wealthier than before? No idea.
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The economic system will always seek to establish itself and politicians will see it that way. The problem will be whether it is beneficial for the common citizen, the average person, who goes to the market, who suffers from inflation, who sees the economy.
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I agree. If they make good on eliminating income taxes for all households earning less than $150k, that will be an enormous boon to normal people.
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In truth it would be, the problem is that they implement it.
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