I hear your points and at a intellectual level, it sounds right, but I bought some $12 milk today, which isn't that big of a problem for me, but I'm watching my kids try to raise young families in this economy and it's rough.
I hear your points, but I guess I haven't digested the message yet.
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Certainly right now prices shot up. We had disruptions all over the global supply chains, one that have not resolved themselves. This is something that will take time.
Sure car prices are up right now. But how many take time to consider they go twice as far as once from the 1970s and 1980s? Whereas those were dead at 120K, a new car today will go 240K without much issue. Also, the MPG is much higher.
People look at things right now and that is all they focus upon.
Finally, looking at the price of milk for the young families does not take into account what they are making. If they are making 1970s wages, that is a problem. Since most are not, things are different in terms of their income statement.
Hard for people to believe this when pries are elevated yet short term focus, which is what humans excel at, skews what is truly taking place.
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