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This brings up a great point that many people overlook: Inflation is hyper-specific to the consumer. If the price of bread (and only the price of bread) went u
by EADGBE 8y ago
This brings up a great point that many people overlook: Inflation is hyper-specific to the consumer.
If the price of bread (and only the price of bread) went up 10x in price, then only consumers of bread would really be affected by it. You could argue all the hands that "touch" the bread, yes, but in the end the person paying $40 for a loaf of bread is actually affected by the inflation of it; for them to consider "inflation" in the large sense to have screwed them over.
Similarly, people without student loan debt (or over-burdening student loan debt) couldn't really give two shits about the inflation of SLD.
For me, guitars are a big deal. And I bring that up because there's a regulation now that effectively bans a type of wood used for guitars for centuries. If I were to want to buy a guitar with this type of wood that already exists, the price of it would be super inflated as the remaining safe-to-buy stock are grabbed up. This certainly only affects guitarists who favor a certain kind of tonewood; but is akin to my bread example above in demand/price.