Re: Re: Prices
By: Mike Powell to Nightfox on Wed May 13 2026 06:57 pm
That was the example being discussed. Other items have doubled in price, too, and unlike promised, they've not gone down at all since Biden left office. The only exception here locally is gasoline, which did go back well down before recently going back up higher than when Biden left office.
This reminds me of a discussion I had with friends regarding the costs of videogames as a hobby.
Every gaming hardware manufacturer started driving prices up like crazy citing "evolving market conditions", tariffs and RAM prices. The issue is prices went up and when the circumpstances that supposedly lead to the increases disappeared, they never normalized down again.
This concept is known as "price stickyness" and the gist of it is that when Nintendo finds out you are willing to pay 500 dollar for their new toy, they are not going to bill you less unless there is a lot of presure to do so.
Also, fiat currencies these days are being dragged through the mud by banks, reserves and governments so there is no wonder companies won't sell you anything in exchange of worthless paper, unless it is a lot of worthless paper. You could buy a house today for the same amount of gold you would have needed in ancient Rome, but around here you need 60% more worthless paper than 10 years ago.
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