My wife has been on me to clean and organize the garage. How much can it cost? Just some wood for some shelves, what can that cost?
Knowing prices have gone up a bit, I thought it would cost me about $300 to buy the 2x4s and plywood. Boy was I wrong.
The bill came out over $600.
Six sheets of plywood cost over $350 alone.
Prices have doubled since last September when I bought a similar amount of wood for another project.
On my way home, I stopped to get gas and it’s creeping closer to $3.00.
My wife called and said she didn’t want to cook. She asked me to pick up our order from our favorite steakhouse.
During the lockdowns and through the summer we ordered pickup from this restaurant a lot. We almost always got the same thing. The price was always $56.50.
We haven’t eaten there in a while, so when the bill came out to $68.82 I thought that my wife had ordered an appetizer or something new.
When I got home, I checked the bill. Sure enough, my ribs that used to be $19.99 are now $25.99. My wife’s steak was a lot more too.
What is going on?
The government is giving me all of this free money to spend, and the prices skyrocket all of a sudden. Could they be connected? Could printing trillions in dollars have any side effects?
If there is a correlation between the stimulus payments and the rising prices, then wouldn’t the poorest people who needed the money the most, be hurt the most by the rising cost of necessities?
Then if they can’t afford the necessities, will the government give them more money to help them get by? If that happens, won’t the prices continue to go up?
Sounds like a vicious cycle.