JudgeHardcase on Nostr: Milk prices in the U.S. have gone from about $1 in 1960, to $2 in 1980, to now $3 in ...

Milk prices in the U.S. have gone from about $1 in 1960, to $2 in 1980, to now $3 in 2025. Not only is this rate of increase way slower than money expansion, it's significantly slower than CPI. How come? Since the supply of milk can easily be increased to whatever is necessary to meet demand, its price isn't so much determined by a market; rather, it's almost entirely just dependent on the expense to produce, transport and sell; i.e. feed (corn), labor, gas The biggest of these, by far, being corn - the price of which the federal government artificially keeps heavily suppressed via ever increasing farm subsidies.

I always wondered why the government was so interested in subsidizing corn production so much. I now think it might just be to keep foods artificially cheap in order to drag down CPI; thus maintaining a plausible (but illusionary) narrative that the negative effects of inflating the money supply has on the quality of life aren't so bad.