If socialism succeeds, there won’t be any Cheerios on the shelves to price.
Re: Cheerios.... I rarely do the shopping, went out to grab Halloween candy to hand out. Couldn’t believe the prices, not even gourmet stuff, basic M&M’s. Thought, “How do people even pay their bill these days?” That’s a question many ask, and why socialism is on the rise.
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This is a fair criticism but I've never heard Mike talk about the Federal Reserve or it's role in price inflation (not saying he hasn't). I personally would love to see him discuss these issues with someone well versed in the Austrian School such as
@BobMurphyEcon -
throw fractional reserve banking in there as well!
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I agree, FRB advocates have often pointed to Adam Smith and the Scottish free banking system of the 18th century as evidence that FRB is consistent with libertarian principles on monetary policy. Rothbard demolished these arguments and Dr. Murphy could speak to this as well.
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Ya c00l if we get Socialism then we will have no M&Ms
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Everyone gets three brown ones per month. Cerno is trying too hard to be edgy these last couple of weeks.
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All the bags of the good candy like Butterfinger are gone like 2 days after Halloween (when they are on sale). Sometimes my fellow citizens aren't as dumb as I think.
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Growing up in the midwest and low income - learning to bargain shop is in my DNA. I don't have to now, but I still do. It's a game. Smart shoppers can stretch a budget 300%-500% further than non. IMO, socialism is on the rise because it's a great way to leverage power.
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Wage suppression. Adjusted for inflation since the '60's, minimum wage should be well over $30 per hour. Why? Hard conversation to have with nuance. Is many factors.
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It boggles my mind that Americans lured by socialism really think they in socialist countries there is abundance of candies or Cheerios or anything else for the masses!
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Socialism ain't exactly known for its chocolate. Doctor's sausage maybe, not chocolate.
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Many of us working people want the gov’t to confiscate more of our wages to give them to freeloaders. It makes sense that people would be attracted to this.
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With socialism there would be NO M&M product on the shelf at any price! With Socialism, the product police could determine M&Ms should be banned because they serve no nutrious value and removed, so there would be NO choices, just empty shelves!
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They don't pay their bills, it's all credit!
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Most processed garbage has gone up 20-30% in the past few years. Same with restaurant food and anything Johnson & Johnson owns. I'm pretty sure their razorblades are 100% more expensive and have 100% shorter lifespan.
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Mike we are already a quasi socialist country, huge deficit spending, politically connected corporations recieve massive payments from tax payers, huge unfunded liabilities for fed & state government pensions... Socialism has been here & it is the cause of the inflation to come.
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