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Replying to Avatar Lyn Alden

I posted a bunch of evidence on Twitter for how 1) grocery stores have razor thin margins, 2) food producer margins are more average but haven't changed in two decades, 3) of course farmers aren't the ones getting rich so 4) no, the food companies are not gouging you on prices.

It's monetary inflation. Grocery stores and food producers are trying to keep up.

Most people agree due to the inherent audience selection, but the tweets kind of went viral and reached a broader political audience, so a bunch of people came in like, "How come they can put chips on sale for 50% sometimes!?!? Checkmate Alden." (it's because they don't understand fixed costs vs cost-of-goods sold) or "How do you know any of the filings are real? What if they're literally all just lying on their audited SEC filings?"

Post-truth, some of people are. The grasping for price controls is the short-time public and political instinct that ultimately makes things worse, every time.

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π–‹π–Žπ–†π–™π–‰π–Šπ–“π–Žπ–Šπ–— (Β―`◕‿◕´¯) 1y ago

Fertilizer prices 3X since Ukraine war

Gas prices 4X

Min wage 2X

Funny money printed 20T since pandemic

That’s why your cost of of eggs is 3X and bacon 4X and fish 2X etc etc etc

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