Price of Powder & Primers in Perspective

[JFrank]

Are we still talking about powder and primers ?

 

[chkunz]

Is this a political thread? Because it seems political.

Since the thread title is about the price of primers and powder and some of the price increase is caused by the inflation of our money supply by our government (as well as supply and demand) the discussion naturally leads to political considerations.

 

[Joe Salty]

DRILL BABY DRILL

Joe Salt

 

[chkunz]

Your 60 year old websters was targeting the neophyte who probably did not even know what the dismal science was. My college economic experience was over 45 years ago. Back when the name Adam Smith was still respected. You know him, the father of "liberal" economics and the guy responsible for the capitalist world we live in today. The guy who advocated for the means of production being owned by private individuals rather than the aristocracy and the landed gentry. Even prior to Adam Smith, government monetary policy was not always the root of inflation. Again, reference one of the most famous inflation incidents in history, the great Tulip inflation starting in 1634. That was pure irrational exuberance.

It sounds like you have an interest in economics, you really should take some classes and not rely on wiki or one line quotes from a dictionary. The only reason I included quotes was to show you that when you go that route there are other sources and they often refute each other. Which is a hallmark of the dismal science. As they say, it is impossible to get economists lined up end to end, they all point in different directions.

Thank you for your thoughtful reply.

In most disciplines (economics, physics, chemistry, etc.) there are basic underlying principles that form the foundation of that subject. For example, in physics a basic principle is that force is proportional to mass and acceleration. I think one of the basic fundamentals of economics it the relationship between General Price Level and the Available Goods and Services and the Available Money Supply.

In the early 1970s I made a statement to a friend about inflation that was incorrect. He gave me a copy of a book by Harry Browne "How to Profit from the Coming Devaluation". He recommended that I read the first 86 pages which were a tutorial on what is money and included an explanation of inflation. That was a revelation for me and I have read many books on the subject since.

The government has two primary ways to tax us, a direct tax or fee up front that we all see and understand (income tax for example) and acts that inflate the money supply that we do not readily see, and most people do not understand. The inflation of the money supply causes a price increase that most people blame on greed by business and corporations, and the government does not get the blame for what they have done.

Best wishes.

 

[dryhumor]

Look at some of the African countries if you want to know what serious inflation is. Seems like Zimbabwe has been the worst for many years now. At least we can afford powder and primers here in the US….

 

[dusterdave173]

I almost choked when I gave $350 out the door at my local shop for 8 lb Varget--I got two about 3 months back. Walked in yesterday he was restocked $447
I got into this Way too late.........makes the silly $$ rim fire match ammo look better and better
Truth is all around me the 22 game just keeps growing and growing--my local shop got 5 MTR Cz's sold them all in a flash Local. We had to do 3 relays at our last 22 match I love it--
At a local gun auction last Sat the four 22 match rifles were second only to a couple of Winchester lever guns that were old and rare.

 

[ronsatspokane]

Thank you for your thoughtful reply.

In most disciplines (economics, physics, chemistry, etc.) there are basic underlying principles that form the foundation of that subject. For example, in physics a basic principle is that force is proportional to mass and acceleration. I think one of the basic fundamentals of economics it the relationship between General Price Level and the Available Goods and Services and the Available Money Supply.

In the early 1970s I made a statement to a friend about inflation that was incorrect. He gave me a copy of a book by Harry Browne "How to Profit from the Coming Devaluation". He recommended that I read the first 86 pages which were a tutorial on what is money and included an explanation of inflation. That was a revelation for me and I have read many books on the subject since.

The government has two primary ways to tax us, a direct tax or fee up front that we all see and understand (income tax for example) and acts that inflate the money supply that we do not readily see, and most people do not understand. The inflation of the money supply causes a price increase that most people blame on greed by business and corporations, and the government does not get the blame for what they have done.

Best wishes.

Yes, I remember the 70's well. The Inflation Unemployment Crisis was going on while I was in College attending economic classes. Sidney Weintraub wrote a rather famous book about it. We may be headed that direction again.

The US government has essentially two tools at its disposal with respect to the money supply. They are Fiscal and Monetary policy. Monetary policy is run by the Federal Reserve and uses the fed discount rate and reserve requirements to control interest rates and money supply. Want less money in the economy, up the reserve requirement and/or the interest rate. In recent years the Fed has done the opposite. Fiscal policy involves the infamous "Tax and Spend" that is at the forefront of many conversations these days. Clearly the current administrations wants more tax revenue and claim that they will not renew the Trump tax cuts. But, that is not enough money for them or for the other guy for that matter. They are also borrowing in our name (referred to as deficit spending) to increase the amount of money they have to spend. The difference being printing money and printing debt instruments is that that the physical money supply does does not really increase. These debt instruments that are sold around the world to public and private entities to collect more cash to spend. Effectively removing money from the private sector and transferring it to the public sector.

But alas, there is one more tool the US government has which has the same effect as increasing the money supply. That is regulation. This war on energy is the clearest example in decades. Regulation usually comes on slow and builds up over time impacting the cost associated with meeting the new requirements until it strangles industries and the consumers of their products with inflation. This war on energy started day one with this administration when they canceled the Keystone Pipeline. That was only the beginning. New regulations were added by both states and the US government with reckless abandon since. Fortunately the SCOTUS recently decided that the Chevron doctrine is dead so maybe some of this will roll back to Congress where it belongs. Expect a fight though.

 

[chkunz]

Yes, I remember the 70's well. The Inflation Unemployment Crisis was going on while I was in College attending economic classes. Sidney Weintraub wrote a rather famous book about it. We may be headed that direction again.

The US government has essentially two tools at its disposal with respect to the money supply. They are Fiscal and Monetary policy. Monetary policy is run by the Federal Reserve and uses the fed discount rate and reserve requirements to control interest rates and money supply. Want less money in the economy, up the reserve requirement and/or the interest rate. In recent years the Fed has done the opposite. Fiscal policy involves the infamous "Tax and Spend" that is at the forefront of many conversations these days. Clearly the current administrations wants more tax revenue and claim that they will not renew the Trump tax cuts. But, that is not enough money for them or for the other guy for that matter. They are also borrowing in our name (referred to as deficit spending) to increase the amount of money they have to spend. The difference being printing money and printing debt instruments is that that the physical money supply does does not really increase. These debt instruments that are sold around the world to public and private entities to collect more cash to spend. Effectively removing money from the private sector and transferring it to the public sector.

But alas, there is one more tool the US government has which has the same effect as increasing the money supply. That is regulation. This war on energy is the clearest example in decades. Regulation usually comes on slow and builds up over time impacting the cost associated with meeting the new requirements until it strangles industries and the consumers of their products with inflation. This war on energy started day one with this administration when they canceled the Keystone Pipeline. That was only the beginning. New regulations were added by both states and the US government with reckless abandon since. Fortunately the SCOTUS recently decided that the Chevron doctrine is dead so maybe some of this will roll back to Congress where it belongs. Expect a fight though.

Well said.

 

[hogpatrol]

Crime is down too. NOT.

 

[abishai]

I have always looked at how much an hour of my time can buy.
Everything has gone up in price but my service charge for an hour has gone
up much faster. I know of a few other 40 somethings with construction companies
who all agree we are fiddling as Rome burns. No one wants to bust ass anymore.
It is like shooting fish in a barrel. No competition, no brains.
If you are planning on retiring in the next 10 years with even with a million
dollars. After inflation, you had better figure out witch brand of cat food tastes
the best.

 

[chkunz]

I have always looked at how much an hour of my time can buy.
Everything has gone up in price but my service charge for an hour has gone
up much faster. I know of a few other 40 somethings with construction companies
who all agree we are fiddling as Rome burns. No one wants to bust ass anymore.
It is like shooting fish in a barrel. No competition, no brains.
If you are planning on retiring in the next 10 years with even with a million
dollars. After inflation, you had better figure out witch brand of cat food tastes
the best.

Have you checked the price of cat food lately?

 

[J.d. Popkes]

Since the thread title is about the price of primers and powder and some of the price increase is caused by the inflation of our money supply by our government (as well as supply and demand) the discussion naturally leads to political considerations.

Right. I thought that political threads were not okay?

 

[Dgd6mm]

Hooray for the Red White and Blue!

 

[Lefty2506]

I have always looked at how much an hour of my time can buy.
Everything has gone up in price but my service charge for an hour has gone
up much faster. I know of a few other 40 somethings with construction companies
who all agree we are fiddling as Rome burns. No one wants to bust ass anymore.
It is like shooting fish in a barrel. No competition, no brains.
If you are planning on retiring in the next 10 years with even with a million
dollars. After inflation, you had better figure out witch brand of cat food tastes
the best.

Sad but true. Good reason for me to continue to keep both freezers stocked full of game and keep the garden full of manure

 

[Lefty2506]

It sounds like you were getting some pretty good gas prices. The average price of gas dropped from 2014 to 2016 when it went under $2.00 a gallon very shortly and started rising until later 2019. Much of the increase in price for diesel had to due with a reformulation of the fuel itself.

Fuel prices all across Indiana and central Illinois were hovering slightly over $2.00/gal before Covid. Occasionally you'd find a station selling it for $1.99. Of course everything dropped slightly early in Covid, but as soon as mid November hit, prices started increasing again even though the demand was still pretty low nationally. I REALLY misread that in regards to stocks. I thought about getting into some oil related EFD stocks but didn't. I wasn't willing to bet on the election (and I'd have lost that bet), but I figured Biden would target the oil companies. I was right on that part, but I had it backwards. I was thinking like it was a manufacturing industry where when they get targeted, the end up going belly up, where with oil when the government targets them, the supply goes down and the price goes up. I was surprised with oil related stocks went up around 30% (admittedly from near record lows) in November, and then made a full recovery (ie doubling again) starting in January of 2020. I was expecting them to recover, but not to their pre-covid prices. I was guessing they'd only recover to around 75% or 80% like every other sector. Ooops.

Back to powder, its a REALLY good time to stock up Vihtavuori powders...

 

[k80skeet]

Just remember you got what they vote for. Anytime the Democrats are office prices go up and they devalue the dollar. Too much greed and give away programs.

 

[J.d. Popkes]

Just remember you got what they vote for. Anytime the Democrats are office prices go up and they devalue the dollar. Too much greed and give away programs.

Yeah no shit. Be careful you might get hate mail from the forum police for getting so vocal. All depends on who starts the thread

 

[Tangent]

If you can find them in stock primers are £100+ per 1,000 and powder is also £100+ per Kg. Currently it's either Magtech or Reload Swiss, pretty much nothing else in stock.

 

[M14AMU]

Vote for Joe....and he'll get these prices reduced! Ho Ho Ho!!

 

[rijndael]

Just remember you got what they vote for. Anytime the Democrats are office prices go up and they devalue the dollar. Too much greed and give away programs.

Republicans haven't been doing us any favors. Democrats vs Republicans ... This is like picking from a list of "Who's screwed you over the least."