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Re: “How ‘excuseflation’ is keeping prices — and corporate profits — high” [March 10, Business]:
Completely a spot-on article about our world right this moment. After all, any College of Washington grad out of the ’60s and Professor Henry Buechel’s Economics 201 is aware of that costs are inelastic within the downward route.
Let’s broaden our ideas a bit of. The technique behind “excuseflation” can be utilized by companies to wash home of in any other case protected staff and undesirable insurance policies.
Likewise, authorities makes use of this “occasion” technique to extend energy and taxation in any respect ranges. (Does all this sound at present acquainted?) Don’t even get me began on the advantages to the military-industrial advanced.
On no account am I not respecting the tragedy and grief of 9/11 or COVID-19 suffered by people, households and society, however I’m performed with 20 years of 9/11 excuses. Are we confronted with one other 20 years of COVID excuses for greed and authorities and bureaucratic incompetence (learn: fixing homelessness)?
Ronald Bell, Kirkland
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