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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.
So what caused the inflation in the entire world? Surely a couple of stimulus checks for people in the United States of America couldn’t cause worldwide inflation. I know the us is a big deal, but… they don’t control the entire worlds economy, right?
The stimulus contributed about 3% toward US inflation. Yet inflation was 7% YOY last year. I’m no economist, but it doesn’t seem that you’ve got correct information here. Where are you getting the information that us stimulus checks caused worldwide inflation?
Was this the output of a chatbot?
Why would I respond to a bunch of vague generalizations about how inflation works written by an LLM that doesn’t even have access to information from the last few years?
Soooo… not the stimulus?