The worst peanut crop in three decades and we consumers have to suffer with the prospect of only a half-dozen types of peanut butters rather than the typical dozen or so. By the way, keep your eyes out for similar signs and see how often companies feel like they have to apologize for price increases. More on that in the future. For now, the next time the “market” dictates that you get a salary increase, I’d like to hear if you apologized to your employers.
I love it when I see article or news stories that refer to a concept of “shortage” or “surplus” completely devoid of any concept of prices. 😉
About 6 months ago I went to Sam’s Club and couldn’t find peanut butter. When I asked an employee where it was they said they were out of stock. I jokingly asked if there was a shortage, and they responded with a serious yes. I bet Wegmans posted the sign up there because they were getting so many questions from peanut butter loving customers.
Somewhere in the early seventies, before Nixon did wage and price controls, and years before Gerald Ford’s WIN buttons (Whip Inflation Now) you would see signs at lunch counters saying, “Due to the increase in the price of coffee, the price of a cup of coffee is [insert a 75% or 100% percent increase].” Before Arab Oil Embargo I, the Shah of Iran had taken out a two-page ad in the WSJ arguing for oil to be priced in gold, not dollars. I’d have to look further to place the abandonment of Bretton Woods in all of this.
Back then we were paying for the Vietnamese War and the War on Poverty with printed money and by then the markets along with the Shah had figured that one out.
Today, things are different. Printing $2,000,000,000,000 is a drop in the bucket, which is probably the reassuring message Tim Geithner has brought to the German finance minister. Don’t worry, we are going to inflate fast enough to keep the Euro at $1.20.
136805 285845Vi ringrazio, considero che quello che ho letto sia ottimo 843339
936557 17345Thank you for this. Thats all I can say. You most undoubtedly have produced this into something thats eye opening and critical. You clearly know so a lot about the subject, youve covered so a lot of bases. Great stuff from this part with the internet. 69224
634511 758315Typically I dont read article on blogs, but I would like to say that this write-up quite compelled me to try and do so! Your writing style has been amazed me. Thanks, quite excellent post. 504421
495429 467202Im having just a little concern I cant subscribe your feed, Im making use of google reader fyi. 142844
763702 964490I believe this internet site contains very superb composed articles posts . 316674
811274 16555i just didnt need a kindle at 1st, but when receiving 1 for christmas im utterly converted. It supply genuine advantages more than a book, and makes it such a great deal additional convenient. i may possibly undoubtedly advocate this item: 159496
291964 960196The vacation unique deals offered are believed as a selection of possibly the most preferred and therefore within your budget all more than the globe. Quite quite a few hostels can be proudly located inside property which is accented who has striking seashores encouraging crystal-clear rivers, contingency of an Ocean. hotels compare rates 705640
488002 1470As I site possessor I feel the content material here is genuinely superb , appreciate it for your efforts. 530155
87646 315728Yay google is my world beater aided me to locate this outstanding web site! . 487196
314766 339165you use a great weblog here! do you wish to have the invite posts in my small blog? 328747