Heterodox
Kevin Drum has a timely post on grocery inflation. Overall, it’s at 1% now.“Why do so many people still think inflation is high? It’s because they don’t respond to averages. They respond to outliers.”*snip*“Frozen juice is up 27%. Baby food is up 9%. Ground beef is up 6%. When you shop for groceries, these things are going to stand out.“Now, it’s also true that eggs are down 17%. Apples are down 10%. Fruits, vegetables, chicken, and dozens of other...
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