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So much of what supermarkets sell is commoditized that this doesn't work. Toothpaste is in a very different place than EVs.
by dehrmann 4y ago
So much of what supermarkets sell is commoditized that this doesn't work. Toothpaste is in a very different place than EVs.
- Nifty3929 4y agoCommodities need to be produced as well. The more we produce, the more we will have. Giving people more money does not produce any additional bread or tomatoes.
- andy_ppp 4y agoBut we didn’t give people more money, there was the largest in history redistribution of wealth from the poor to the rich. I really don’t believe supply is 100% the problem here and there’s just no need for 20% hikes on some goods. The compound interest on this is insane 1 -> 1.20 -> 1.44 -> 1.728 —> 2.0736 so more than doubling in cost every 5 years. People seem to think inflation is temporary but it seems much more stubborn and central banks are very scared of it, hence rate rises when the banks might collapse.