4 ms·
I'm betting is mostly due to inflation from the post-pandemic price-profit spiral. At one point, 60% of inflation was due to excessive corporate profits.
by 1letterunixname 3y ago
I'm betting is mostly due to inflation from the post-pandemic price-profit spiral. At one point, 60% of inflation was due to excessive corporate profits.
- phonon 3y agoThis already is the inflation adjusted number. Non-inflation adjusted was 8.9% growth. https://www.bea.gov/sites/default/files/2023-11/gdp3q23_2nd.pdf https://www.bea.gov/sites/default/files/2023-11/gdp3q23_2nd....
- 1letterunixname 3y agoAnd those numbers are themselves are de facto lies because they don't adequately represent the rises in costs of inelastic demand items such as food that harm individuals. "Macroeconomics" to the point of hiding harms to large swaths of C that aren't billionaires with C billionaires, G, I, and NX.