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ELIRetarded: Why has service gotten worse, and why is everything expensive and smaller now?
When I Google this I get a bunch of one-sentence explanations about "inflation" and "supply chain problems" but those just sound like things that most people think a smart person would say and/or that they heard from the TV box. There are also conspiratorial comments amount money printing, M2, the "true" inflation rate, etc.
Inflation and supply chain issues don't just fall out of the sky, they're the result of government policy. My economics-illiterate impression is that technocrat morons freaked out and started pulling levers during covid, ruining the economy in the process by causing mass unemployment and killing SMBs and pumping massive amounts of free money into an economy where money was already free, which
caused serious inflationnothing to see here citizen, inflation is low, CPI is normal, everything is fine, don't trust your lying eyes or wallet and now another band of technocrats are raising interests rates to control the mess their comrades caused in the first place, compounding everyone's pain.If the above is true, I don't know why there isn't a mob in DC with pitchforks demanding to cook and eat the bureaucrats responsible for flying the economy into the ground and royally fucking everyone who isn't independently wealthy. Please tell me my understanding is incorrect so I can stop being mad about this every time I buy groceries.
Your impression is basically correct, but with the caveat that there was already a structural tightening of the economy on the horizon for generation size and prior debt reasons and bureaucrats reacting to Covid fear mongering was a major accelerator and also screwed the pooch on a bunch of soft landing options. I don’t expect most people understand how screwed we are; for population size reasons most government pension funds are already going to burst one way or another, and for political reasons that’s going to be dealt with by money printing.
Now customer service is shitty partly because the service worker class got used to not working and resents having to have a job. Again, that’s society losing their shit about Covid.
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