RE: The Rat Race That Is South African Inflation
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Well, I just compare products and services...I know some well-priced (for them) fast food has been able to keep the increase to only about 25-50 % but travel tickets, bread, other food grew between 75 and 100 %...maybe some going over the 100.
By my prejudiced estimate, stupidity is up 400 %, corruption is up 800 %, covering up fatally bad for the county deals is close to not being needed at all.
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Certain farming is heavily subsidized by governments to allow them to reduce the price and offset it somewhere else that's why things like fast food can also maintain a low price and reduce the rate of the CPI. I agree travel continues to get expensive which makes no sense when you look at the availability of oil, the efficiencies in travel, the amount of people able to travel now, it should effectively be far cheaper but because this industry relies so much on debt all that is passed on to the consumer and price deflation can never happen.
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Interesting that you brought the topic of subsidizing up. I just read snippets from Ayn Rand books these days and there was this idea that subsidizing generally meant forcing the taxpayer to pay to those they wouldn't otherwise choose to pay to, even people who could logically be working for the opposite of what the (actually) paying entities would fight for.
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