Monday, March 18, 2024

Inflation

When someone says inflation is five percent or some other number it doesn't have much impact. For the last five years I have cut my own hair using something called the flowbee. Today I went to the barber and came face to face with inflation. Five years ago the haircut cost $12 but I got a $2 senior discount so I would leave the $2 as tip and the haircut cost me $12. Today it cost $18 with no senior discount and they pushed a computer screen in front of my face which gave me the option of a tip of 5 or 10 or 15 dollars so I chose $5 so my hair cut has gone from $12 to $23 in just the past five years. That is how people see inflation. When Biden says inflation is coming down he seems to think that means prices are coming down.

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