Grocery Prices Quotes

I saw you, Walt Whitman, childless, lonely old grubber,poking among the meats in the refrigerator and eyeing the grocery boys. I heard you asking questions of each: Who killed the pork chops? What price bananas? Are you my Angel?

Life is like waiting in line at the grocery store. You wait, you slowly move forward, you pay the price, then you exit unsatisfied and broke.

This fantasy that it is possible to fish sustainably, legally, and using workers with contracts, making a living wage, and still deliver a five-ounce can of skipjack tuna for $2.50 that ends up on the grocery shelf only days after the fish was pulled from the water thousands of mi,es away. Prices that low and efficiencies that tight come with hidden costs, and it is the manning agencies that help in the hiding.

Shopping the equity market solely based on stock prices is like shopping for groceries solely based on food prices as opposed to the quality of the food. Price matters, but what really matters is the value that you get for the price.

Inflation hurts us all. Today I'm seeing inflation at the grocery store, the leisure sector, and even on my golf scorecard. Yes, The Central Bank is to blame for my horrendous game.

I like how grocery stores play music while I'm shopping. Vintage pop really makes me want to pay full price and avoid looking for discounts. I need to implement that financial psychology here on my duck farm.

Shopping the equity market solely based on stock prices is like shopping at the grocery store solely based on food prices instead of based on the quality of food — you may end up with a full pantry, and poor health. Price matters. But it’s really about the value that you get for the price.

The breakdown of the neighborhoods also meant the end of what was essentially an extended family....With the breakdown of the extended family, too much pressure was put on the single family. Mom had no one to stay with Granny, who couldn't be depended on to set the house on fire while Mom was off grocery shopping. The people in the neighborhood weren't there to keep an idle eye out for the fourteen-year-old kid who was the local idiot, and treated with affection as well as tormented....So we came up with the idea of putting everybody in separate places. We lock them up in prisons, mental hospitals, geriatric housing projects, old-age homes, nursery schools, cheap suburbs that keep women and the kids of f the streets, expensive suburbs where everybody has their own yard and a front lawn that is tended by a gardener so all the front lawns look alike and nobody uses them anyway....the faster we lock them up, the higher up goes the crime rate, the suicide rate, the rate of mental breakdown. The way it's going, there'll be more of them than us pretty soon. Then you'll have to start asking questions about the percentage of the population that's not locked up, those that claim that the other fifty-five per cent is crazy, criminal, or senile. WE have to find some other way....So I started imagining....Suppose we built houses in a circle, or a square, or whatever, connected houses of varying sizes, but beautiful, simple. And outside, behind the houses, all the space usually given over to front and back lawns, would be common too. And there could be vegetable gardens, and fields and woods for the kids to play in. There's be problems about somebody picking the tomatoes somebody else planted, or the roses, or the kids trampling through the pea patch, but the fifty groups or individuals who lived in the houses would have complete charge and complete responsibility for what went on in their little enclave. At the other side of the houses, facing the, would be a little community center. It would have a community laundry -- why does everybody have to own a washing machine?-- and some playrooms and a little cafe and a communal kitchen. The cafe would be an outdoor one, with sliding glass panels to close it in in winter, like the ones in Paris. This wouldn't be a full commune: everybody would have their own way of earning a living, everybody would retain their own income, and the dwellings would be priced according to size. Each would have a little kitchen, in case people wanted to eat alone, a good-sized living space, but not enormous, because the community center would be there. Maybe the community center would be beautiful, lush even. With playrooms for the kids and the adults, and sitting rooms with books. But everyone in the community, from the smallest walking child, would have a job in it.

In short, barberries, which can be found inexpensively priced at Middle Eastern groceries in dried form, have been shown to successfully lower LDL cholesterol levels an average of fourteen points (mg/dL),175 as well as improve acne,176 artery function,177 triglycerides, blood sugars, and insulin resistance.

Ramona understood what Beezus meant, because she felt sad too, and her stomach felt tight when her father came home tired and discouraged after a day in the checkout line. People were in a hurry, many were cross because the line was long, and some customers acted as if he were to blame because prices were so high.

People hanging out in bars made no sense to Neni. Why would anyone want to stand in a crowded place for hours, screaming at the top of their voice to chat with a friend, when they could sit comfortably in their own home and talk to their friend in a calm voice? Why would they choose to sit in a dark space, consuming drinks that sold at the grocery store for a quarter of the bar's price? It was an off way of spending time and money.

A few minutes later Agnes had reached the market and was battling through the throng. She stepped over rotting offal and cabbage leaves to prod breasts of pheasant and partridge. She sniffed oysters and herrings and asked the prices of oranges, shouting her requirements over strident cries of "New mackerel!" and "White turnips and fine carrots, ho!" and "Fine China oranges and fresh juicy lemons!" She watched a juggler with blackened teeth catching knives in his mouth, then sampled a corner of gingerbread so spicy tears welled in her eyes. The street child had slipped from her thoughts. Within the hour, Agnes had arranged deliveries with half a dozen tradesmen whose goods she could not carry, and jotted every item and its price in her notebook for Mrs Tooley's accounts. In her basket she had carefully stowed sweet oranges, Jordan almonds, two dozen pullet eggs, a pickled salmon, half a pound of angelica, the same of glacee cherries.

At an earlier time in the nation’s history, the federal government would never have allowed the naked corporate grab then under way; in the late ’60s, even a potential 8 percent market share was cause for the courts to block the merger of two grocery store chains in Los Angeles. The judges explicitly sided with those who stood to lose their jobs and their businesses—even if the grocery merger might mean lower prices for consumers. Bork destroyed this way of thinking. In 1978,

Look at him! Take a good look.” They looked. At the bloodied Max Vandenburg. “As we speak, he is plotting his way into your neighborhood. He’s moving in next door. He’s infesting you with his family and he’s about to take you over. He—” Hitler glanced at him a moment, with disgust. “He will soon own you, until it is he who stands not at the counter of your grocery shop, but sits in the back, smoking his pipe. Before you know it, you’ll be working for him at minimum wage while he can hardly walk from the weight in his pockets. Will you simply stand there and let him do this? Will you stand by as your leaders did in the past, when they gave your land to everybody else, when they sold your country for the price of a few signatures? Will you stand out there, powerless? Or”—and now he stepped one rung higher—“will you climb up into this ring with me?

Which meant, if somehow GameStop did start to go up, the people who had shorted the company would begin to feel pressure to buy; the more the stock went up, the heavier that pressure became. As the shorts began to cover, buying shares to return them to their lenders, the stock would rise even higher. In financial parlance, this was something called a 'short squeeze.' It didn't happen often, but when it did, it could be spectacular. Most famously, in 2008, a surprise takeover attempt of the German automaker Volkswagen by rival Porsche drove Volkswagen's stock price up by a factor of 5 — briefly making it the most valuable company in the world — in two quick days of trading, as short selling funds struggled to cover their positions. Similarly, a battle between two hedge fund titans — Bill Ackman, of Pershing Square Capital Management, and Carl Icahn — led to a squeeze involving supplement maker — and alleged pyramid marketer — Herbalife, which cost Ackman a reported $1 billion. And perhaps the first widely reported short squeeze dated back a century, to 1923, when grocery magnate Clarence Saunders successfully decimated short sellers who had targeted his nascent chain of Piggly Wiggly grocery stores.

I shop in a grocery store designed for the haute bourgeoisie. The prices are ridiculous. Other than the organic produce, every product in my local grocery has, somewhere on its packaging, a goofy narrative about the company that manufactures the product. In my neighborhood, it is impossible to go to the local grocery store and buy mustard without encountering a whimsical tale about rural people from Northern California and Oregon and how their quirky values are reflected in the ingredients of their products. These quirky values are why it costs $3 for a vegan cookie. The narratives go something like this: Twenty years ago, my wife Betty and I were in our kitchen, talking about the taste of the mustard that our parents bought. All of the store brands weren’t anything like what we remembered, and they were made with pre-processed ingredients and contained preservatives. These chemicals might have allowed for a longer shelf life, but they reduced flavor, and even worse, no one knew what they did to people’s health. “I wish someone would go back to old-fashioned values,” I said. “Why won’t someone make a mustard that tastes great and is good for people?” Then Betty asked a question that changed our lives. “Why don’t we do it?” I have watched hundreds of people read these narratives. And as I have watched people read these narratives, the thought has occurred to me that people are more conscientious about their mustard than they are about the media they consume.

They weren't terribly bad grudges, either. I wasn't going to boil someone's bunny or send them a horse's head, but maybe if I saw one of them in the grocery store and their hands were full and they needed to reach the good ice cream on the top shelf of the freezer, I would probably reach in and grab it and then run away cackling with it tucked under my arm.

She emailed evidence about how blacks were twice as likely as whites to be suspended from school for the same behaviors; twice as likely to work for minimum wage in the same jobs; three times as likely to live in poverty; and five times as likely to go to prison. She provided readings from her Stigma and Prejudice class about how whites enjoyed an advantage over minorities in everything from lower prices at car dealerships to better fruits in their grocery stores. It was still very much a white person’s country, she told him, at the great expense of everyone else.

The third shooting happened at a kosher grocery store abut twenty minutes from my house. Antisemitic screeds found in the attacker’ vehicle and in their social media postings told a different story, as did the tactical gear they wore, the massive stash of ammunition and firearm they brought along, and security camera footage showing them driving slowly down the street, checking addresses before parking and entering the market with guns blazing. The real targets, authorities surmised, were likely the fifty Jewish children in the private elementary school at the same address, directly above the store – huddled in closets, listening to their neighbors being murdered. Reporting within hours of the attack gave surprising emphasis to the murdered Jews as “gentrifying” a “minority” neighborhood This was remarkable, given that the tiny Hasidic community in question, highly visible members of the word’s most visible members of the world’s most consistently persecuted minority, came to Jersey City fleeing gentrification, after being priced out of long-established Hasidic communities in Brooklyn. The “context” supplied by news outlets after this attack was breathtaking in its cruelty. The sole motivation for providing such “context” in that moment is to inform the public that those people got what was coming to them. People who think of themselves as educated and ethical don’t do this because it is both factually untrue and morally wrong. But if we’re talking about Hasidic Jews, it is quite literally a different story.

The next time you go to the supermarket, look closely at a can of peas. Think about all the work that went into it—the farmers, truckers, and supermarket employees, the miners and metalworkers who made the can—and think how miraculous it is that you can buy this can for under a dollar. At every step of the way, competition among suppliers rewarded those whose innovations shaved a penny off the cost of getting that can to you. If God is commonly thought to have created the world and then arranged it for our benefit, then the free market (and its invisible hand) is a pretty good candidate for being a god. You can begin to understand why libertarians sometimes have a quasi-religious faith in free markets. Now let’s do the devil’s work and spread chaos throughout the marketplace. Suppose that one day all prices are removed from all products in the supermarket. All labels too, beyond a simple description of the contents, so you can’t compare products from different companies. You just take whatever you want, as much as you want, and you bring it up to the register. The checkout clerk scans in your food insurance card and helps you fill out your itemized claim. You pay a flat fee of $10 and go home with your groceries. A month later you get a bill informing you that your food insurance company will pay the supermarket for most of the remaining cost, but you’ll have to send in a check for an additional $15. It might sound like a bargain to get a cartload of food for $25, but you’re really paying your grocery bill every month when you fork over $2,000 for your food insurance premium. Under such a system, there is little incentive for anyone to find innovative ways to reduce the cost of food or increase its quality. The supermarkets get paid by the insurers, and the insurers get their premiums from you. The cost of food insurance begins to rise as supermarkets stock only the foods that net them the highest insurance payments, not the foods that deliver value to you. As the cost of food insurance rises, many people can no longer afford it. Liberals (motivated by Care) push for a new government program to buy food insurance for the poor and the elderly. But once the government becomes the major purchaser of food, then success in the supermarket and food insurance industries depends primarily on maximizing yield from government payouts. Before you know it, that can of peas costs the government $30, and all of us are paying 25 percent of our paychecks in taxes just to cover the cost of buying groceries for each other at hugely inflated costs. That, says Goldhill, is what we’ve done to ourselves. As long as consumers are spared from taking price into account—that is, as long as someone else is always paying for your choices—things will get worse.

I hate fighting. I’m sensitive and, frankly, not good at it. If the consequence of bickering online means I’ve got to spend the afternoon feeling bad because a kid I don’t remember from high school called me a “fat-ass Kelly Price” over a Reductress article, please murder me. And if my tweets get on your goddamn nerves: BLOCK ME FIRST. Kill me with your powerful brain! There are too many places in real life where blocking is not a viable option to tolerate someone ruining your secret lives online. You can’t block the coworker who won’t stop fucking talking while loitering nearby as you’re just trying to put half-and-half in your breakroom coffee, but you can block that friend of a friend who says shit like, “I’m not prejudiced, I don’t care if a person is purple or green or blue.” LMAO, blue people???? SHUT THE FUCK UP. You can’t delete the neighbor whose eyesore of a car is parked halfway across your driveway and whose cat keeps shitting on your deck, but you can delete your cousin who earnestly believes that rap music is reverse racism and vehemently comments as much on every Kendrick Lamar video you share. There’s no mute button for the woman at the grocery store who won’t stop asking you where the shampoo is, even though you’re pushing your

Loved ones will beg you to stay home but in the same breath refuse to stop mentioning how much money they need. They want you around more but want the all-mighty dollar just as much. So, though you may long for your warm bed at home, you know it will be freezing cold if you don’t come home with money independent of how many blankets you pile upon yourself. Just because fish were worthless this month doesn’t mean the mortgage or price of groceries was adjusted to reflect how terrible the auction was.

Being the kind of person who is very careful with your phone, you assessed that the price of insurance was too high given the likelihood that you would have an accident or lose your phone. Three months later, you were at the grocery store; you dropped your phone and it broke. If you are like most people, the first thought going through your mind is regret about your insurance decision. Worse, you may have recriminations, concluding that not buying insurance was a bad decision.[49] But the fact that you got a bad outcome does not imply that your decision was a bad one.

On May 14, 1912—eight months after his stepmother’s awful death—Andrew Kehoe, then forty years old, took a wife. Her full name was Ellen Agnes Price—“Nellie” to everyone who knew her. Born in 1875, she came from a family of proud Irish Catholic immigrants, whose most prominent member was her uncle Lawrence. A Civil War hero who had fought at Antietam, Fredericksburg, Chancellorsville, and Gettysburg, Lawrence had grown up in Michigan, returned to his home state after the war, and purchased a wilderness tract in Bath Township, which he eventually transformed into a flourishing 320-acre farm. In 1880, he turned his phenomenal energies to mercantile pursuits, successfully engaging in the grocery, lumber, dry goods, and hardware businesses before becoming a pioneer in the nascent automobile industry as founder and president of the Lansing Auto Body Company. In addition to his myriad enterprises, he served as Lansing’s chief of police and superintendent of public works, did a four-year term as a member of the city council, headed the Lansing Business Men’s Association, and ran as the Democratic candidate for the US Senate in 1916.1 Among his eight siblings was his younger brother, Patrick. Born in Ireland in 1848, Patrick had been brought to America as an infant and spent most of his life in Michigan. Financially beholden to his wealthy older brother, he worked as a farmhand on Lawrence’s spread in Bath before becoming an employee of the Auto Body Company. His marriage to the former Mary Ann Wilson had produced a son, William, and six daughters, among them his firstborn child, Nellie, the future Mrs. Andrew Kehoe.2

I can picture purchasing a product, such as a vehicle, a bicycle, or even grocery items, and seeing the emissions to produce the item and transport it to its location on its product tag, or by scanning its bar code. Items with top quartile emissions or high ESG performance for the category may have a different color-coded tag. The price tag will become a product tag and information about the item and the producer would be available in its online description,

What got less coverage was that, adjusted for inflation, egg prices were actually lower in 2022 than they had been in 2015. Prices peaked in December 2022, with a dozen eggs selling for around $5 on average. Egg supply and prices were already recovering in early 2023. Producer prices, the prices farmers charge grocery stores, began to fall. The retail price, the price consumers pay in the grocery store, fell sharply (by $1 in one week in early January!) and continued to fall into 2023. The moral of the story is: We need more egg-laying chickens. The eggflation story is emblematic of what could happen to the rest of the economy. We are dependent on fragile systems that can break when stressed.

When we say that cage-free egg production costs only 10% to 20% more to produce at the level of retail (not farm) prices, we are assuming that the same distribution system is used for cage and cage-free eggs. When both cage-free and cage eggs are sold, it likely costs more to distribute cage-free eggs. The cage-free sector is small, prohibiting them from realizing the economies of scale enjoyed by the cage egg sector. Also, they are often different types of eggs. Studies have shown that about half of this 57% pre- mium charged for cage-free eggs is due to the fact that cage-free eggs tend to be brown eggs instead of white eggs. Consumers value brown eggs more, and stores have learned that when they bundle brown eggs with a cage-free production system they can charge particularly high prices. Moreover, cage-free eggs are often targeted to more affluent consumers and come in more elaborate packaging. In economics, this is referred to as price discrimination, and grocery stores probably charge a higher premium for cage-free eggs partly because they can.

Craig brought a business model to H-E-B and Video Central that was like kryptonite to Blockbuster. Prices were lower, and inventories were larger and much better managed. We ran it just like H-E-B ran grocery stores. Define what matters most and relentlessly pursue perfection in those areas. And do your best to make it fun for employees and customers.

Best Grocery is a term that can be used to describe a grocery store that offers high-quality products at affordable prices. One such grocery store is Rudcafood, which offers a wide selection of healthy food options, gourmet gifts, and more. With the rising cost of food, finding the best grocery prices before heading to the store can help keep sticker shock to a minimum.

Rural Free Delivery (RFD) Home, upon that word drops the sunshine of beauty and the shadow of tender sorrows, the reflection of ten thousand voices and fond memories. This is a mighty fine old world after all if you make yourself think so. Look happy even if things are going against you— that will make others happy. Pretty soon all will be smiling and then there is no telling what can’t be done. Coca-Cola Girl Mother baked a fortune cake pale yellow icing, lemon drops round rim, hidden within treasures, a ring—you’ll be married, a button—stay a bachelor, a thimble—always a spinster, and a penny—you’re rich. Gee, but I am hungry. Wait a second, dear, until I pull my belt up another notch. There that’s better. So, you see, Hon, I am straighter than a string around a bundle. You ought to see my eye, it’s a peach. I am proud of it, looks like I’ve been kicked by a mule. You know, dear, that they can kick hard enough to knock all the soda out of a biscuit without breaking the crust Hogging Catfish This gives you a fighting chance. Noodle your right hand into their gills, hold on tight while you grunt him out of the water. This can be a real dogfight. Old river cat wants to go down deep, make you bottom feed. Like I said, boys, when you tell a whopper, say it like you believe it. Saturday Ritual My Granddad was a cobbler. We each owned two pairs of shoes, Sunday shoes and everyday shoes. When our Sunday shoes got worn they became our everyday shoes. Main Street Saturday Night We each were given a dime on Saturday opening a universe of possibilities. All the stores stayed open and people flocked into town. Mr. and Mrs. Reynolds set up a popcorn stand on Reinheimer’s corner and soon after lighting a little stove, sounding like small firecrackers, popping began. Dad, laughing shooting the breeze with a group of farmers, drinking Coca Cola, finding out if any sheds needed to be built or barns repaired, discussing the price of next year’s seed, finding out who’s really working, who’s just looking busy. There is no object I wouldn’t give to relive my childhood growing up in Delavan— where everyone knew everyone— and joy came with but a dime. Market Day Jim Pittsford’s grocery smelled of bananas ripening and the coffee he ground by hand, wonderful smoked ham and bacon fresh sliced. He’d reward the child who came to pick up the purchase, with a large dill pickle Biking home, skillfully balancing Jim Pittsford’s bacon, J B’s tomatoes and peaches, while sniffing a tantalizing spice rising from fresh warm rolls, I nibbled my pickle reward.

Key Elements of Five Year Plan ’77 What follows did not happen overnight. Among the guidelines set in February 1977 (remember, Fair Trade on alcohol was not finally ended until 1978): Emphasize edibles vs. non-edibles. I figured that the supermarkets would raise their prices on foods to make up for the newly reduced margins on milk and alcohol. This would give us all the more room to underprice them. During the next five years we got rid of film, hosiery, light bulbs and hardware, greeting cards, batteries, magazines, all health and beauty aids except those with a “health food” twist. We began to cut back sharply on soaps and cleaners and paper goods. The only non-edibles we emphasized were “tabletop” items like wineglasses, cork pullers, and candles. It was quite clear that we should put more emphasis on food and less on alcohol and milk. Within edibles, drop all ordinary branded products like Best Foods, Folgers, or Weber’s bread. I felt that a dichotomy was developing between “groceries” and “food.” By “groceries,” I mean the highly advertised, highly packaged, “value added” products being emphasized by supermarkets, the kinds that brought slotting allowances and co-op advertising allowances. By embracing these “plastic” products, I felt the supermarkets were abandoning “food” and the product knowledge required to buy and sell it. But this position wasn’t entirely altruistic. The plan of February 20, 1977, declared, “Most independent supermarkets have been driven out of business, because they stupidly tried to compete with the big chains in plastic goods, in which the big chains excel.” Focus on discontinuity of supplies. Be willing to discontinue any product if we are unable to offer the right deal to the customer. Instead of national brands, focus on either Trader Joe’s label products or “no label” products like nuts and dried fruits. This was intended to enable the Trader Joe’s label to pick up momentum in the stores. And it worked.

She saw Dolly goddamn Parton one time in the grocery store buying head lettuce. I told her the celebrity I saw buying vegetables was Crazy Marv from the “At these prices you’ll know I’ve lost my marbles” used-car commercials.

The Numbeo Cost of Living Index: This tool shows current prices and rates around the world. Expatistan: Expatistan compares living costs from one city to another or from home to wherever you’re moving. Mercer Cost of Living Survey: Every year, Mercer comes up with an overview on cost-of-living by looking at factors like groceries, restaurants, transportation and accommodation costs across over 440 cities worldwide. It also factors in rental price per square meter for expatriates.

The reason the growth in the standard of living has been understated is that the Consumer Price Index (CPI) recorded price changes for each type of merchant separately and did not compare prices between types of merchants. Thus if the price of a box of Kellogg’s corn flakes remained fixed at twenty cents in March and April in a traditional store and was seventeen cents in a nearby A&P store newly opened in April, the price would be treated as fixed. This error in the CPI is called “outlet substitution bias” and has continued in the past three decades as Walmart has opened stores that charge less for groceries than traditional supermarkets do.

A universal housing voucher program would carve a middle path between the landlord’s desire to make a living and the tenant’s desire, simply, to live. The idea is simple. Every family below a certain income level would be eligible for a housing voucher. They could use that voucher to live anywhere they wanted, just as families can use food stamps to buy groceries virtually anywhere, as long as their housing was neither too expensive, big, and luxurious nor too shabby and run-down. Their home would need to be decent, modest, and fairly priced. Program administrators could develop fine-grained analyses, borrowing from algorithms and other tools commonly used in the private market, to prevent landlords from charging too much and families from selecting more housing than they need. The family would dedicate 30 percent of their income to housing costs, with the voucher paying the rest. A

There are some important myths to dispel: The average college student does not live on campus—only around 15 percent of undergraduates do. Most do not attend selective institutions that accept fewer than half of their applicants. 4 Only 19 percent of full-time undergraduates in four-year public degree programs graduate on time, and it’s 5 percent for two-year programs. 5 Students from poor families who go to college will probably remain working-class—38 percent of people from low-income families will remain in the bottom two deciles regardless of their educational accomplishment. But the biggest myth is probably the one about students and wage labor. In her book Paying the Price, Sara Goldrick-Rab (herself a scholar of education policy) writes about how she assumed that a drowsy student of hers had been partying too hard and failing to take her studies seriously. When Goldrick-Rab confronted the student, the professor learned a valuable lesson: The student had been working nights at the local grocery store because the graveyard shift paid a little better. She had been attending class after an 11-p.m.-to-6-a.m. shift, taking her education very seriously. This is a good example of the difference between college student stereotypes and the reality, and the experience prompted Goldrick-Rab to take a look at how hard students are working outside the classroom:

More troubling is that when faced with an array of complex options,” the article says, “consumers tend to throw reason out the window and pick a product based on what’s easiest to evaluate, not what’s most important, says Sheena Iyengar, director of the Global Leadership Matrix Program at the Columbia (University) Business School. ‘We stick to the familiar or go by price because we don’t want to deal with so many choices and scrutinize label claims or nutrition information,’ she says.

grocery chains could, for example, maximise their profits by raising prices on certain lines after 6 p.m. when richer clientele may dominate. Although no one in the grocery market is using dynamic pricing, it is common in other industries, including transportation, electronics and even fashion. India

One particular incident had seared itself into Wences’s memory. In 1984, during the first major episode of hyperinflation after the Argentinian military junta lost power, Wences’s mother came to get him and his two sisters from school. His mom was carrying two grocery bags filled with money—the salary she had just been given in cash. She rushed with Wences and his sisters to the grocery store and had them run through the aisles, grabbing as much food as possible before the hyperinflation caused the goods to be repriced. A man walked through the aisles all day doing nothing but repricing the items on the shelves to keep up with the rapidly changing value of the peso. When Wences and his mother got to the register, he and his sisters would run back and grab more food if they still had any money left. Holding on to money was equal to losing it. These experiences gave Wences insights into the nature of money that most people in the world learn only from textbooks. In America, the dollar seamlessly serves the three functions of money: providing a medium of exchange, a unit for measuring the cost of goods, and an asset where value can be stored. In Argentina, on the other hand, while the peso was used as a medium of exchange—for daily purchases—no one used it as a store of value. Keeping savings in the peso was equivalent to throwing away money. So people exchanged any pesos they wanted to save for dollars, which kept their value better than the peso. Because the peso was so volatile, people usually remembered prices in dollars, which provided a more reliable unit of measure over time.

A dumb electric meter adds up all of the kWh used over the course of a month regardless of when that power was made and how much it cost to make. Some homes use a lot of power during the expensive mid-day period, while others use most of their power at night. If those two homes used the same monthly total number of kWh, and they had a dumb meter, the power company has to charge them the same amount for monthly service because it doesn’t know when each house was using power. An executive I know likens this to weighing your grocery cart when you check out at the supermarket and charging you per pound of groceries in the cart, without prices for any of the specific items you chose to buy that day, whether it be caviar or pet food.

You’ve got to know your prices!

Ralph's (and virtually all other) grocery stores provide customers with "frequent-buyer" or "Club member" cards that entitle holders (Group B) discounts not provided customers without cards (Group A), on the argument that people who tend to buy frequently (and/or buy in large quantities) have good reason to comparison shop and to obtain the frequent-buyer cards: they can prorate their search costs over a large number of purchases.11

he becomes obsessed with products that have a high value relative to size. “Joe would measure every product with a ruler and calculate price per cubic inch,

The heuristic driving this tightening was outstanding. “Outstanding” meant something very particular to Joe. It meant a product that was the lowest price in town by a clear, consistent margin.

She was starting to hate the idea of marriage. She didn’t ever want to get married. Why? For what? From what she’d seen, it just made everyone miserable. Particularly women. They lost everything when they got married—most importantly, their independence. There was supposedly this new generation of Muslim men that were fine recognizing a woman’s right to independence— for the price of taking on a man’s responsibility. Cheap, right? As long as she was willing to work full time, use her money to pay bills, take care of all household chores, spoil her husband, watch the kids, care for the kids, cook for the family, grocery shop, maintain the entire house, spend time with everyone, carefully budget expenses, she could go wherever she wanted. But just when, exactly, was she supposed to have the time?

Now, it's fair to say, the majority of us don't want to be farmers, see farmers, pay farmers, or hear their complaints. Except as straw-chewing figures in children's books, we don't quite believe in them anymore. When we give it a thought, we mostly consider the food industry to be a thing rather than a person. We obligingly give 85 cents of our every food dollar to that thing, too--the processors, marketers, and transporters. And we complain about the high price of organic meats and vegetables thtat might send back more than three nickels per buck to the farmers: those actual humans putting seeds into the ground, harvesting, attending livestock births, standing in the fields at dawn casting their shadows upon our sustenance. There seems to be some reason we don't want to compensate or think about these hardworking people. In the grocery store checkout corral, we're more likely to learn which TV stars are secretly fornicating than to inquire as to the whereabouts of the people who grew the cucumbers and melons in our carts.

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In a rent-seeking economy such as ours is becoming, private and social returns are badly misaligned. The bankers who gained large profits for their companies were amply rewarded, but, as I have repeatedly said, those profits were ephemeral and unconnected to sustainable improvements in the real economy. That something was wrong should have been evident: the financial sector is supposed to serve the rest of the economy, not the other way around. Yet before the crisis, 40 percent of all corporate profits went to the financial sector.27 Credit card companies would extract more money from transaction fees than the grocery store would profit from the sale of its goods.

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