Profile avatar
mjost.bsky.social
21 posts 48 followers 31 following
Regular Contributor
Posts 14 Comments 7

submitted 9 days ago • 0 comments

submitted 9 days ago • 12 comments

submitted 14 days ago • 0 comments

submitted 19 days ago • 0 comments

submitted 20 days ago • 0 comments

submitted 26 days ago • 0 comments

submitted 26 days ago • 7 comments

The Real Coup: We Ignored It open.substack.com/pub/zeitgeis...

submitted 88 days ago • 0 comments

Post 6: While these factors collectively drive up prices, corporate profit-taking is a significant, controllable element. Companies can mitigate price increases by optimizing production and prioritizing consumer affordability.

submitted 128 days ago • 0 comments

Post 5: Why the huge discrepancy? Several factors contribute: * Specific commodity price increases (e.g., wheat) * Rising production costs (labor, energy, transportation) * Corporate profit-taking * Supply chain disruptions (e.g., COVID-19) Continued...

submitted 128 days ago • 0 comments

Post 4: Given today's average bread price of $4.00, the percentage increase from 1955 is ((4.00-0.18)/0.18)*100 ≈ 2122%. This is significantly higher than the 660.8% cumulative inflation rate. Continued...

submitted 128 days ago • 0 comments

Post 3: So, the equivalent 2024 price is $0.18 * 6.608 ≈ $1.19. However, this is an estimate, and actual prices may vary due to factors like regional differences and brand. Continued...

submitted 128 days ago • 0 comments

Post 2: Using an inflation calculator, we find that the cumulative inflation rate from 1955 to 2024 is approximately 660.8%. This means prices have increased by a factor of 6.608. Continued...

submitted 128 days ago • 0 comments

Post 1: The average price of a loaf of bread in 1955 was $0.18. To calculate the equivalent price in 2024, we need to consider the cumulative inflation rate. Continued...

submitted 128 days ago • 0 comments