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Egg prices are not rising due to 'greed'

Former Bill Clinton Labor Secretary Robert Reich thinks the price of eggs is going up because of "greed."

You would think a labor secretary might know something about basic economics.

Apparently not.

Did people JUST become greedy now, but weren't in the past?

BASEDPolitics' Brad Polumbo explains why egg prices are really rising, "Part of this is just the overall inflation we’ve experienced, which has its roots in everything from global supply chain issues to the Federal Reserve’s loose monetary policy to excessive stimulus spending under both the Trump and Biden administrations. But the egg price increases are far too extreme to be explained by regular inflation alone...

The real reason for high egg prices, as is usually the case, has its roots in the basic economics of supply and demand. Unfortunately, an avian flu has wiped out more than 43 million egg-laying hens since February 2022according to the US Department of Agriculture. That’s resulted in a 29% decrease in the US egg stock, aka the supply.

When a product becomes more scarce yet is still in high demand because it’s part of people’s routines, prices will rise."

Read the entire column.

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