Just remember that the powers-that-be have stated that we are not in a recession.
We’re not in a recession. The economy is growing precisely because grocery store prices are rising. The thing we are measuring - year over year increases in inflation-adjusted business revenue - is only defined as “not a recession” when industry profits are rising.
If grocery prices were falling and wages were outpacing investment returns and state programs had cash left over because fewer people needed them, we’d see a flood of money leaving the agricultural sector and a sharp reduction in output as capital scrambled to protect itself from declining returns. And that would result in a recession.
We’re not in a recession. The economy is growing precisely because grocery store prices are rising. The thing we are measuring - year over year increases in inflation-adjusted business revenue - is only defined as “not a recession” when industry profits are rising.
If grocery prices were falling and wages were outpacing investment returns and state programs had cash left over because fewer people needed them, we’d see a flood of money leaving the agricultural sector and a sharp reduction in output as capital scrambled to protect itself from declining returns. And that would result in a recession.