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/
“Antitrust laws can be enforced as rigorously as possible, but their enforcement will not change the fact that popular performances with limited runtimes, few seats, and many fans bidding for them means the market-clearing price is often above that set by artists, venues, and retailers.”
https://reason.com/2025/05/27/more-government-intervention-wont-make-concert-tickets-cheaper/
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
“Google is not a charity; it’s a business. If it cannot generate revenue to make a profit through the combination of its advertising products, user data, and contracts with device manufacturers, it may have to raise prices on products that are presently enjoyed for free by consumers.”
https://reason.com/2025/04/23/the-doj-is-doing-its-best-to-make-google-unprofitable/
“Reuters reported this week that as a result of Trump’s tariffs, Ford Motor Co. will raise prices on three of its models by as much as $2,000 apiece. Days earlier, the company said it expected the tariffs to reduce annual earnings by $1.5 billion, even after making efforts to avoid U.S. import duties.
Rivian, which makes luxury electric vehicles from a single plant in Illinois, also announced this week that it expected to deliver fewer vehicles and spend more money this year as a result of the tariffs.
Then on Thursday, The New York Times reported that Toyota “predicted a $1.3 billion hit from President Trump’s tariffs in April and May alone.”
In a March executive order, Trump slapped a tariff of 25 percent on all imported automobiles, as well as automotive parts like engines, transmissions, and electrical components. The only exception was for those covered under the U.S.–Mexico–Canada Agreement (USMCA), in which case the tariff only applied to the portion of the vehicle’s value not “attributable to parts wholly obtained, produced entirely, or substantially transformed in the United States.””
https://reason.com/2025/05/08/trumps-tariffs-are-already-raising-car-prices-and-hurting-automakers/
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