Business Insider reposted this
Between rising inflation and the proliferation of dynamic pricing, it is truly impossible to know what anything costs anymore. For Business Insider, I wrote about America's major case of price fatigue.
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Supply Chain, Operations and Strategy Consultant
2wCan we all agree 'Inflation is bad'? Then start from there. I am a huge Milton Friedman fan, and like to remind people of his quote from almost 50 years ago " One reason inflation is so destructive is because some people benefit greatly while other people suffer; society is divided into winners and losers." With our current economy, home owners, and 'some' stock holders have benefited greatly, while those who own neither and 'work' to obtain wealth have been broadly punished, and their decline in standard of living will most likely continue for the rest of their lives.