prices never returned to pre-covid levels, as everyone claimed they would
No one who knows anything about economics or inflation claimed that prices would return to their pre-covid levels. However, inflation has gone way down from its peak.
No one who knows anything about economics or inflation claimed that prices would return to their pre-covid levels. However, inflation has gone way down from its peak.
I don't care if we blame the current economic policy, I don't like the current economic policy at all. I think the problem is much bigger than that.
I still would like to know where all that money went. I can't figure that out.
Obviously (real) wages did take a hit like everywhere but have been recovering, too.
My working theory is that noticeable inflations makes people go crazy and trumps anything else. Completely closes people off to rational thought and that’s what sunk Biden. Despite awesome economic recovery given the circumstances.
> US post pandemic economic recovery has been astonishingly great measured against other major economies.
https://www.forbes.com/sites/eriksherman/2025/04/25/why-corp...
I get Covid was a mess in real time and it was used as a political pawn, which really sucks. Trillions of dollars went into the US economy, and most of the country feels broke.
I don’t care how the market did, fuck the market, it’s a bubble that’s been waiting to pop for years.
That's how inflation works.
> I don't care if we blame the current economic policy
You mean the previous one until January, that stopped the inflation, or the current one that is making a lot of it for the next months?
> I still would like to know where all that money went.
The money is cycling around people and companies. That's what money almost always do, the US was an exception until recently, but exceptions to that never last.
It is? Why have wages been so stagnant for so long? Isn't that one of the leading theories/reasons Trump was elected, people are completely strapped for cash. I had read recently that loans are being increasingly being paid late, credit card debt has grown massively, home prices and through the roof, and the job market is a disaster.
Where is all that money again?
Prices have basically only gone up on almost everything for the past 5 years. Going up slower does little good.
No, consumer prices trending downward is called deflation and the economy has been actively managed to try to prevent that for a very long time. Mild inflation has been the target and rule for a very long time, with the deviations being high inflation outside of a few major economic collapses. This is not a new trend of the last 5 years.
Prices on some things trend downward without inflation as the products become cheaper to manufacture and distribute due to process improvements and economy of scale.
Take, for instance, flat screen tvs. The first 42" flat screen TV, released in 1997, cost $18,750, or the equivalent of $37,201 in today's money.
https://www.wgal.com/article/evolution-of-tv-technology-pric...
The least expensive 42" (technically 43") tv available at Bestbuy today is on sale for $113.99, or the equivalent of $57.21 in 1997 money.
https://www.bestbuy.com/site/hisense-43-class-a6-series-led-...
Obviously this is not an apples to apple comparison, its a clarification that on some goods prices decrease regardless of inflation due to forces outside of the relative value of a dollar.