Government workers have no problem with inflating prices, of cars or anything else. Their salaries tend to rise faster, unlike salaries for those of us in the private sector. From Eric Peters at ericpetersautos.com:
It seems the only people worried about the cost of things are those who can’t force other people to pay for them.
This is the only explanation for the otherwise bizarre insouciance accompanying each almost weekly “reveal” of the latest electric vehicle – such as the $67,500 to startRivian R1T electric truck.
But it’s not just electric trucks – or electric cars – that are unmoored from economic reality.
It is cars and trucks, generally. Their prices are booming – the average transaction price of a 2021 model year is close to an unprecedented $35,000 – even as the economy is collapsing.
It’s a strange juxtaposition.
Until you understand the non-market forces at work.
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