Comments by "" (@hewitc) on "Why can’t prices just stay the same?" video.

  1. The US economy had much worse inflation in the late 1970's--early 80's. In my experience with a big company raises were from 5-7%. Commercial banks paid 5% (fixed by law) interest so people put their cash in money market funds (something new) that paid 8-9%. Mortgages were well over 10% (for a 15-30 year fixed rate) with 1 or 2 % points upfront. Credit cards charged 20%. Today's economy looks pretty good to me.
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  2. It hurts retireees who are on a fixed income.
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  3.  @darkkhof  Isn't that true of everyone, rich or poor? People who own stocks want their stocks to go up. People who only have wages want their wages to go up. Nothing wrong with that.
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  4.  @musicnlove911  Inflation doesn't help businesses (or prople) except those that have large debts. The debts become cheaper to pay back with inflated dollars, or other currency.
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  5. The companies I know (smaller businesses) are not laying off people. They are having trouble getting employees even as they offer higher wages. Unemployment is historically low. People can get jobs and have choices. And many today don't really want to do any work that involves getting out of bed, dressing and leaving the home.
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  6. I don't know what "keeping up" means for sure, but businesses are raising salaries to attract people, in my experience.
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  7. That's why the owners invested their money in the company. To make money. That's why anyone invests their money.
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  8. wages have been going up. the businesses I know keep offering higher wages because they can't get anyone willing to work.
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  9. Have you ever seen a restaurant menu from 20, 30, 50 years ago? Steak dinner for $1.50 in 1949? Prices have always gone up, and wages.
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  10.  @richardmenz3257  I have stopped using change and dollar bills completely.
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  11. no one is trying to steal your money. If you don't like banks use cash
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  12.  @vipu6821  So how exactly are banks stealing? Or was that someone else's gripe? They provide a service for fees.
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  13. it's not greed. it's a fact of life. Have you ever been to an old restaurant that puts its old menu on the wall? In 1949 a steak dinner cost $1.50. Cocktails were $.25. Dessert $.75.
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  14. actually some billionaires get poorer. If they are no longer in business and have retired their capital becomes worth less.
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