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The rampant inflation from "government print money" seems to show that yes, even if we aren't paying for it directly (and our 30t+ in debt says we are paying fo
by wernercd 3y ago
The rampant inflation from "government print money" seems to show that yes, even if we aren't paying for it directly (and our 30t+ in debt says we are paying for it.)... we are paying for the "print free money" at the gas pump, the grocery store, etc.
- klyrs 3y agoAlternate perspective: grocerers and oil producers form cartels and raise prices to line their pockets. The only people whose wages are beating inflation are at the executive level, and they really love it when you point pitchforks at the government and not them.
- wernercd 3y agorealistic perspective: it's not a single problem. Oil producers and cartels raise prices because... money's being printed. Because Biden shuts down new pipelines, slows oil leases, is hostile to energy production. Demand craters because of lockdowns that don't work... then ramps up because the world tries to return to normal after a "pandemic". Almost like an increasing demand with a dipshit anti-energy President is going to have disastrously bad results. Seriously though... the problem isn't "evil companies" doing shit like making money (how dare they!). The problem is multifaceted. Did you have an issue when companies closed at record levels because of bad decisions that caused the slowdowns? Or were you cheering because those companies got what was coming? do you think that the surviving companies don't deserve profits after years of losses?