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A lesson in inflation from a 2003 Grizzly catalog
(lemmy.world)
I was cleaning out an old bookshelf and came across this 2003 Grizzly catalog. Coincidentally, I'd just received a 2023 mailer. I was shocked by the increases in price.
Some highlights:
Standard 14" band saw: $375 vs. $800
Standard 6" jointer: $400 vs. $900
4-piece Bessey K-body clamp set: $150 vs. $350
I know nothing about how inflation works, so I'm not sure whether this tracks with the price of bread or whatever, but it was eye-opening.
Nobody has extra cash in their pockets so where did all that printed money go…?
Wait a minute... You're not still living large off your stimulus funds from 3 years ago? Cause according to a few financial "gurus" on cable TV, we're all living it up like Scrooge McDuck.
It was a way to transfer money from the lower/middle class to the already wealthy elite. Notice how every big industry since Covid came has had “record profits”?
It's capitalisms fault. The workers should own the means of production, not some retarded nepo baby born to be a ceo.
Good for you