Spoke to the owner of a pizza shop based in NYC. He said insurance and electric costs are up 40% in last few years. Tough to thrive in that environmen...
A New York City pizza shop owner reported that insurance and electric costs have increased by 40% over the past few years, making it difficult for small businesses to thrive.
Background
- Anthony Pompliano ("Pomp") is a well-known crypto investor, podcaster, and former Facebook product manager; his posts often highlight inflation and small-business struggles as critiques of monetary policy.
- This is a short anecdote, not a formal article — Pompliano uses a single pizza shop owner's experience to illustrate his broader argument about rising costs hurting Main Street businesses.
- "Insurance and electric costs are up 40% in last few years" reflects the cumulative inflationary pressure in the US since 2021-2022, though official CPI data show more moderate overall inflation; business overhead costs (commercial insurance, utilities) have risen sharply in some regions.
- The post's subtext ties into the ongoing debate about whether official inflation statistics understate the real burden on small businesses, and whether Federal Reserve policy or local regulatory costs are to blame.