In 2010, we noted the Bernanke effect on packages of chestnuts at Trader Joe’s, shrinking the contents by 19% for an effective 23% price inflation.
2012 brings us more news of the Deficit-Monetizer-in-Chief’s impact on Trader Joe’s shoppers. The store’s iconic “Two-buck Chuck” Charles Shaw wine is getting a 25% price increase.
As the intellectual heavyweight team of Robert Reich and Sarah Palin note, QE infinity is designed to crush the working and middle classes with food and energy inflation while making the rich richer by increasing the value of their (often leveraged) assets.
Are your wages increasing as fast as grocery prices are?