Mar 26, 2024
We stopped at a local mall here in Grand Rapids last weekend and the parking lot was PACKED and the mall was extremely busy!
yes some critical items are up in price but much of our "inflation" is simply due to what corporate CEOs call "price taking" i.e. raising prices because they can and blaming it on inflation.
And inflation is at about 3%- one point higher than the FedRes target of 2% which itself is an arbitrary number. The economy needs a tiny bit of inflation to grow.