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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Lyn Alden 1y ago 💬 7

The day we start doing price controls is the day we HFSP.

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wymike 1y ago 💬 1

HFSP?

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Joe 1y ago 💬 1

Have Fun Staying Poor

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wymike 1y ago

Thanks

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BitcoinSandy 1y ago

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Liberty Farmer 1y ago

My best friends family owned our local IGA store. .8% margins on food items.

Absolutely insanely poor margins.

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BTC-BACKPACKER 1y ago

We are living in a time of historical value, it's such an honor to be in a time where we have the power and can dictate the future of the financial system.

One of the biggest pleasures of my life has been homeschooling my 3 kids and teaching about the state of the work and system and having what I can Bitcoin University for several hours a week .

with the chores they do I pay them in SATs and they love it ..... not to mention them talking about stacking SATs all the time ! they have been selling their things for Bitcoin and I'm loving it !

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#Bitcoin #ember #DCA #dca #hodl #HODL #sats #stacksats #soundmoney #corruptfed #stayhumble #btc #emberapp #Btc #zaps #zap #coffee #powerlaw

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El Guiri 1y ago

Surely history suggest it’s more have fun being hungry. I mentioned the price controls to a friend today and explained some history on the triggers of empty shelves, black markets and hyper inflation. Orange pill success. Wallet training next week

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nybe 1y ago

Dang it! I wish we could get all that money back we dumped on failed scammy banks.