I was cleaning out an old bookshelf and came across this 2003 Grizzly catalog. Coincidentally, I’d just received a 2023 mailer. I was shocked by the increases in price.
Some highlights:
Standard 14" band saw: $375 vs. $800
Standard 6" jointer: $400 vs. $900
4-piece Bessey K-body clamp set: $150 vs. $350
I know nothing about how inflation works, so I’m not sure whether this tracks with the price of bread or whatever, but it was eye-opening.
So what caused the inflation in the entire world? Surely a couple of stimulus checks for people in the United States of America couldn’t cause worldwide inflation. I know the us is a big deal, but… they don’t control the entire worlds economy, right?
The stimulus contributed about 3% toward US inflation. Yet inflation was 7% YOY last year. I’m no economist, but it doesn’t seem that you’ve got correct information here. Where are you getting the information that us stimulus checks caused worldwide inflation?
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Was this the output of a chatbot?
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Why would I respond to a bunch of vague generalizations about how inflation works written by an LLM that doesn’t even have access to information from the last few years?
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Soooo… not the stimulus?