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> if people didn't have excess cash then companies wouldn't have excess profits from raising prices This is a flawed view of the situation. Just because people
by richbell 3y ago
> if people didn't have excess cash then companies wouldn't have excess profits from raising prices
This is a flawed view of the situation. Just because people are spending more doesn't mean that they are doing so willfully or at the cost of their quality of life (stress, reduced savings, etc.)
When it comes to things like housing and food people have no choice but to accept the increased prices.
- yieldcrv 3y agoSort of. Inflation doesn’t factor in how many people die shivering in the street for failure to pay. So neither does my analysis, especially as some people do run out of money and grace period. Let me say this in simpler terms: many of the people paying unwillfully to support these profits would already be dead from starving and shivering in the streets without the massive monetary expansion and shifts in speculation.