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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: Goofyhoofy ✸✹🐝🐝 HONORARY
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Number: of 4582 
Subject: Re: The $.99 cent (and up) stores?
Date: 05/04/25 8:15 AM
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Back in pre-civil war days there was “the penny press”. The first instance I know of with stores proclaiming their pricing on the sign was the five cent store. Woolworth’s was the first, (“The Great 5¢ Store” was the name of it, I think), which morphed into the 5-and-dime.

I remember the Kresge’s store in my hometown had a sign with the name and the logo was “10¢ & 25¢” in a seal next to the name.

Flash forward 50 years, and it was the Dollar Store or one of the many variants (Family Dollar, Dollar General, 99¢, etc.) and now there’s a chain called 5-Below, presumably everything under $5. Eventually that will go away, or become irrelevant, because inflation marches on.

I suppose that’s the foundation of a modern society - a little bit of inflation, but it does rack up over the years, and I do resent having to pay tax on the “appreciation” of my house through no fault of my own. (Improvements I have made is a different thing.)

Anyway, yeah. Inflation: too little is not enough, and too much is a disaster. Funny game we play.
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