Lone Candle
Champion of Truth
The supply of eggs only dropped a little bit, yet, the cost of eggs and the profits of big egg producing companies grew a lot. They took advantage of the situation to tell a story about an egg shortage, and made it more expensive for people to eat eggs.
https://www.youtube.com/watch?v=wyo1u9WxUG4
The items driving inflation are those that are subject to tariffs.
https://www.youtube.com/watch?v=ffxhsNxvrOo
The Federal Reserve took great and new action during the great recession, but they kept many of those policies afterwards, which can be dangerous and is an expansion of the Fed’s power.
https://www.youtube.com/watch?v=qVFEcg-RIAk
Trump Is Slapping a 50 Percent Tariff on Home Appliances
https://reason.com/2025/06/16/trump-is-slapping-a-50-percent-tariff-on-home-appliances/
“President Donald Trump threatened on Friday morning to raise prices on iPhones sold in the United States, as he threatened to slap a 25 percent tariff on Apple smartphones that aren’t built in the United States.
“I have long ago informed Tim Cook of Apple that I expect their iPhone’s (sic) that will be sold in the United States of America will be manufactured and built in the United States, not India, or anyplace else,” Trump posted on Truth Social. “If that is not the case, a Tariff of at least 25% must be paid by Apple to the U.S.”
In either outcome, consumers will have to pay more. A 25 percent tariff on iPhones built in other countries would, of course, artificially inflate prices. On the other hand, an American-made iPhone would likely be even more expensive: one estimate pegs the cost of an American-made iPhone at around $3,500.”
https://reason.com/2025/05/23/trump-declares-that-iphones-should-be-more-expensive/
Harvard Economist Ken Rogoff on debt, inflation and the dollar. A Charlie Rose Global Conversation
https://www.youtube.com/watch?v=ODKjBI6Lt14
After WWII, the other manufacturing centers of the world were rebuilding from the war, leaving the U.S. as a manufacturing superpower. Post-war Americans had pent up demand and bought lots of goods. This allowed U.S. manufacturing to flourish. Later, those countries rebuilt and third world countries developed manufacturing. Allowing low-value manufacturing to be done in places like China allowed the U.S. to invest the money made into high-value things. Now, manufacturing is highly automated, so if low-value manufacturing returned, it would make everything more expensive and not bring many jobs because manufacturing doesn’t require many laborers.
https://www.youtube.com/watch?v=uxu37dqVR90
Biden ran as a relative moderate, but governed more to the left, creating inefficient policy and contributing to inflation.
Large and growing government debt reduces economic growth because that means the government is borrowing more money, which drives up interest rates, which drives down business investments and homebuilding. When borrowing from foreigners, you have to give some of your economic growth to them to repay them.
https://www.youtube.com/watch?v=KogDw5ZRcl0
“Donald Trump doesn’t think Americans deserve stuff. The right number of pencils for a family? Five. The right number of dolls for a little girl? Two, maybe three. His comments in recent interviews bear a striking similarity to those of left-wing Sen. Bernie Sanders (I–Vt.), who in 2015 famously bemoaned that consumers have too many deodorant options.
How did Trump—who campaigned on a promise of reducing inflation—become so eager to have Americans pay more for everyday commodities? While Trump may have made overtures to reducing prices, he’s long supported the kinds of economic interventions most likely to lead to inflation. And if you believe that protectionism is the path to prosperity for everyday Americans, your definition of prosperity starts to change pretty quickly.”
https://reason.com/2025/05/09/trump-is-wrong-cheap-goods-are-awesome/
“U.S. egg prices increased again last month to reach a new record-high of $6.23 per dozen despite President Donald Trump’s predictions, a drop in wholesale prices and no egg farms having bird flu outbreaks.”
https://finance.yahoo.com/news/egg-prices-continue-increase-despite-124116007.html