If anyone wants to understand economics without drifting into a stupor, read "Economics in One Lesson" by Henry Hazlit. I consider it one of the books that most profoundly affected my worldview. It is short and to the point. Readers will come away understanding the folly of economic policies that are designed to get politicians re-elected rather than actually providing a sound economic environment.
The thing I notice, here in UK, is the price increases by stealth. The box of 12 pouches of wet cat food is still in the same price range - ignoring the 'special offers'... but the size of each pouch is now 85g. They used to be 100g. So the box used to be a total of 1200g but it is now 1020g, shrinking by 15%. The only way to take a bag of groceries home for roughly the same money is to sacrifice on quality or pack size. Very very gradually getting rinsed, and it never ever stops.
If anyone wants to understand economics without drifting into a stupor, read "Economics in One Lesson" by Henry Hazlit. I consider it one of the books that most profoundly affected my worldview. It is short and to the point. Readers will come away understanding the folly of economic policies that are designed to get politicians re-elected rather than actually providing a sound economic environment.
Thanks! I may have to pick up a copy!
You will understand economic issues like tariffs, wage controls, etc. better than 90% of the citizenry.
{smile} I'm pretty sure I already do. My opinion is the majority of citizens are poorly educated (on many topics, not just economics).
The thing I notice, here in UK, is the price increases by stealth. The box of 12 pouches of wet cat food is still in the same price range - ignoring the 'special offers'... but the size of each pouch is now 85g. They used to be 100g. So the box used to be a total of 1200g but it is now 1020g, shrinking by 15%. The only way to take a bag of groceries home for roughly the same money is to sacrifice on quality or pack size. Very very gradually getting rinsed, and it never ever stops.
Yes, "shrink-flation" is real! Maybe it's the world's way of telling us we need to go on a diet? {laugh}