Relevant and even prescient commentary on news, politics and the economy.

You searched for: label/market-clearing prices

Why are Your Grocery Bills so High?

…Foods Co. Albertson’s would bring with it Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen, Carrs, Kings Food Markets and Balducci’s Food Lovers Market….

…lead to higher inflation in general. In a world of smoothly-adjusting markets and prices, then when the price of one type of good rises, we would expect the prices of…