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Interesting, that's a point I hadn't considered. So in a system that is awash in cheap credit and every major consumer stable is controlled by a duo/triopolpy,
by DrAwdeOccarim 7y ago
Interesting, that's a point I hadn't considered. So in a system that is awash in cheap credit and every major consumer stable is controlled by a duo/triopolpy, inflation can we controlled while the owners of production continue to gain wealth. It's interesting to look at the things "rich" people buy like houses, vacations/experiences, and high-end consumer goods--those things have all increased in price in the sense that they "now exist" where as in the past the spread between poor quality and high quality was probably tighter. The difference between a cheap car and an expensive car is dramatic in both quality and price, same with food, real estate location, clothes, etc. Does anyone offer a CPI for luxury goods? I bet inflation in that has been dramatic especially in the past decade.