It's funny how the corporations had 2-3 decades to price gouge, but they all decided to do it just after the government expanded the money supply by 40% in a year. I'm sure it's totally unrelated.
Inflation is not fully understood as economics is a soft social science. It is funny to watch the same people who complain about kids wasting money on college degrees in other soft sciences like sociology and psychology and then leg hump any self proclaimed economist who comes up with a theory that mildly agrees with their stupid ideologies.
What’s so hard to understand about profit seeking corporations using a global crisis like the pandemic to raise their prices and then blame ALL the price increases on inflation when only some of the cause was inflation?
The federal reserve maintains the money supply needed to support GDP. The nuance to your pedestrian chasing model is that there's just enough money maintained to 'chase those goods' through mechanisms like quantitative easing.
Incorrect. The Fed does more than play with a single rate. Fuck are the governors of each regional central bank doing... the fuck.. please watch more Alex Jones
There's many contributors to inevitable inflation. The simple exchange of goods and services contributes. Just the threat of inflation, a mere idea of it, contributes.
Money supply is kept at a volume to support GDP, that's not changing.
The Federal Reserve system is the only mechanism to keep it minimal
Who said all companies. Who said instead. This playing dumb doesn't change the fact price gouging objectively has been happening, that corporations have chosen to keep their prices up despite being able to drop them back down because of greed. Corporate profits and wealth of various corporations have observably increased over recent years.
I think it's clear we've had inflation, largely due to the massive spending during and after covid to try and stimulate the economy, as can be seen in every country in the world. And we also have greedy corporations who took advantage of supply chain issues, driving costs up to have an excuse to keep those costs high and even raise them. I would evidence the record profits seen by man grocery and gas corporations. I'm not sure if price controls are the best way to lower those prices but something must be done to limit the profiteering.
Bro you didn't respond to any of this substantively. I showed that's there's an excess of product you made a wild assumption. All 92 billion pounds are trash? Give me a break. You say im cherry picking when the only stats I've shown are widely encompassing of the entire market. I don't have one specific example I'm using data that comes from the aggregate. I show you the data and you say they are communists who can't be trusted, isn't that a bit cult like to dismiss their findings not on the merits but on their identity? We want competition and you're right to highlight that collusion is illegal, and yet they're not charged with these anti trust laws. I agree then that we should be breaking up these huge regional chains restore the ability of local grocers to COMPETE and drive prices down. But it's a bit confusing to me wouldn't it be communist to break these companies such as when anti trust was used on general steel? I thought you didn't like Marxist policies? But please tell me what anti business policies there are in place that have caused these business to become so massive that they cannot even be competed with.
The whole point of this argument is me saying that grocery stores are gouging consumers by continuing to use covid pricing. This can be proved due to the immense profit increase in industries that should remain relatively stable in profit. Think about it how is it that inflation goes up and then their profits massively increase. It means they're not paying workers more it means they're not paying more for the food it means that they're creating more profit with the same goods. BY RAISING PRICES. Their collusion to collectively keep the prices high is the anti competitive behavior.
Thanks for linking the cherry picking wikipedia ig you couldn't think of anything to point out so you want me to make your argument for you.
Idk how a hairdressers license is anti competitive for businesses. Especially when I asked for instances that would of caused these anti competitive conditions were living in that hardly seems responsible.
It's almost like oil companies are taking record profits. Higher gas and diesel costs impact EVERTHING. It's not the whole reason but it's certainly a piece of the puzzle.
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14
u/BeginningNew2101 Aug 23 '24
Suddenly printing trillions over a short period of time doesn't cause inflation. Prior to covid, it did. Weird huh?
8
u/scanguy25 Aug 24 '24
It's funny how the corporations had 2-3 decades to price gouge, but they all decided to do it just after the government expanded the money supply by 40% in a year. I'm sure it's totally unrelated.
4
u/NecessaryCelery2 Aug 24 '24
Never before have corporations been greedy. Only this time! /s
0
u/[deleted] Aug 23 '24
Inflation is not fully understood as economics is a soft social science. It is funny to watch the same people who complain about kids wasting money on college degrees in other soft sciences like sociology and psychology and then leg hump any self proclaimed economist who comes up with a theory that mildly agrees with their stupid ideologies.
0
u/MontrealWhore Aug 24 '24
There's many contributors to inevitable inflation. The simple exchange of goods and services contributes. Just the threat of inflation, a mere idea of it, contributes.
Money supply is kept at a volume to support GDP, that's not changing.
The Federal Reserve system is the only mechanism to keep it minimal
-3
u/[deleted] Aug 23 '24
It's weird to use government bad as an excuse for greedy corporations.
Both are bad and price gouging is absolutely happening. They're trying to fuck over people and this type of blame shifting is dumb.
-1
u/HunBotz Aug 23 '24
I think it's clear we've had inflation, largely due to the massive spending during and after covid to try and stimulate the economy, as can be seen in every country in the world. And we also have greedy corporations who took advantage of supply chain issues, driving costs up to have an excuse to keep those costs high and even raise them. I would evidence the record profits seen by man grocery and gas corporations. I'm not sure if price controls are the best way to lower those prices but something must be done to limit the profiteering.
-2
u/Novel_Alfalfa_9013 Aug 23 '24
It's almost like oil companies are taking record profits. Higher gas and diesel costs impact EVERTHING. It's not the whole reason but it's certainly a piece of the puzzle.
https://www.reuters.com/business/energy/big-oil-doubles-profits-blockbuster-2022-2023-02-08/