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Zoomie1986

(1,213 posts)
44. Most Americans have always been morons
Mon Aug 5, 2024, 03:32 PM
Aug 2024

About economics. I consider myself quite stupid about the finance side of money, but I do better than most with economics in general.

That's why I'm always dismayed at how unrelated to reality some Americans are when it comes to economics.. One of the most annoying is how they expect prices to lock into place for all time, but they don't. Prices tend to go up over time for essentials like food and household cleaners and cars. But some of them go down over time, too. I always like to point to my ex-boyfriend's OG CD player, that cost him over $700 in 1983 because he bought it on the release date. Only a few years later, CD players were down to a couple of hundred bucks, and even had more whistles and bells. An Apple II computer in 1982 was $1298 retail. I can get a Macbook laptop for less than that at Costco right now, and you can bet that its performance is Space Age compared to that old machine.

I'm not saying that price-gouging doesn't happen, because it does. It's a real problem right now with certain producers. But we need to make sure we're focusing on the actual perpetrators, and not getting carried away and confusing gouging and normal pricing over time.

My husband works for a grocer. I'm tired of customers screaming at him about prices that a) he doesn't control at all, and b) that are normal pricing over time and not gouging. I understand being upset about the gougers--everyone finds that reprehensible. What is neither understandable nor acceptable is the marked increase in how many customers have become so out of control in expressing their outrage at innocent people that security and cops have had to get involved. There is absolute zero call for that kind of behavior, but, every day, I have to wonder if this is the day some deranged lunatic beats up or stabs or shoots my husband or one of his co-workers. And I'm sick of living with that kind of fear and worry.

We wouldn't have this problem if people would stop being stupid long enough to educate themselves about basic economics and the causes of a particular price increase, rather than going into total meltdowns at innocent parties.

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How would that work, exactly? elleng Aug 2024 #1
This is the worst single day fall in points in the history of the Nikkei or as a percentage since the 80s. Doodley Aug 2024 #4
Such alarmist 'noise' surely won't help. elleng Aug 2024 #5
I don't follow the point you are making. My point is this impacts on America, on the stock market, on news reporting on Doodley Aug 2024 #19
There are always market corrections, ups and downs, initial OVER-REACTIONS then a leveling out...relax. Deek1935 Aug 2024 #8
you wrote in your op that you 'think it's an overreaction' bigtree Aug 2024 #15
This is historic. No over-reaction on my part. Doodley Aug 2024 #20
you directly contradicted the fearful headline in your own post bigtree Aug 2024 #26
concern noted. RJ_MacReady Aug 2024 #29
It's starting to feel like 2008 in reverse, sadly democrattotheend Aug 2024 #36
Will alarmist warnings and predictions instill market confidence? wnylib Aug 2024 #38
The economy is great, stock market corrections happen, especially after a long run to irrational exuberance levels ImNotGod Aug 2024 #2
Agreed, but this will open the door to the economy being the number one news issue and Trump saying things like: Doodley Aug 2024 #3
I share your concerns True Dough Aug 2024 #6
Yep Cosmocat Aug 2024 #12
I hope so. And if we get more good economic news this could quickly turn around. Doodley Aug 2024 #25
Who gives a flying fuck what The Orange Rapist says. Just chill. Deek1935 Aug 2024 #9
How about 70 million people who voted for him last time. Why the aggression? Doodley Aug 2024 #21
He also says that violent crime is the worst ever, and inflation is 40% . . . hatrack Aug 2024 #11
He will say this anyway travelingthrulife Aug 2024 #35
I disagree Turk182 Aug 2024 #16
People just need to chill out. Bedwetting over this and that and that and this is foolish. Deek1935 Aug 2024 #17
Thank you. You are right. Trump will put the fear of God into voters who listen to him and drive up GOP turnout. Doodley Aug 2024 #23
concern RJ_MacReady Aug 2024 #24
It's nothing more than a big casino CountAllVotes Aug 2024 #18
meh RJ_MacReady Aug 2024 #7
Less pressing the DOOM button maybe? Brainfodder Aug 2024 #10
this is election season bullshit bigtree Aug 2024 #13
I don't think the fear is that the economy is in a recession... Self Esteem Aug 2024 #27
the market hasn't dropped this low bigtree Aug 2024 #31
The market just opened. Self Esteem Aug 2024 #33
The sky is not falling due a week or ten days of bubble corrections DFW Aug 2024 #14
The problem with this Calista241 Aug 2024 #40
first of all where is the link to the poll? Demsrule86 Aug 2024 #22
Wall Street is pretty much a casino and I can't figure out the latest drop at all. Vinca Aug 2024 #28
Late summer months are always a bad time for the markets. Yavin4 Aug 2024 #32
We want booming economy in October kansasobama Aug 2024 #37
Won't happen that fast after a rate cut. Yavin4 Aug 2024 #43
Just everyone having a sad Diraven Aug 2024 #30
What Isn't Alarming to You, Doodley? MineralMan Aug 2024 #34
For godsakes it is just a minor correction. If doc03 Aug 2024 #39
The stock market is down one day and back up the next GoreWon2000 Aug 2024 #41
Been predicting, since start of campaign season, that Corporations would try to tank the economy before November Attilatheblond Aug 2024 #42
Most Americans have always been morons Zoomie1986 Aug 2024 #44
Relax. Elessar Zappa Aug 2024 #45
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