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> I can deduce that inflation isn't caused by greed with an extremely basic knowledge of economics Nobody is saying inflation doesn't exist. By your logic any

> I can deduce that inflation isn't caused by greed with an extremely basic knowledge of economics Nobody is saying inflation doesn't exist. By your logic any price hike is to be accepted and not questioned because "basic economics"... You have a lot of faith in a lot of people who's sole purpose in life is to make more money than they did last year.

slibhb 3y ago
> Nobody is saying inflation doesn't exist. Bizarre non sequitur. > By your logic any price hike is to be accepted and not questioned because "basic economics"... No it doesn't. But by your logic, surge pricing is theft. I have no particular faith in people. I observe that there's all kinds of irrational, nonsense beliefs scorned by mainstream economists that are popular among certain groups. "Greedflation" is dumb economic populism, nothing else.
- lm28469 3y ago
  Idk how to dumb it down enough because your logic is so flawed: X causes Y doesn't mean Z cannot cause Y too. You might want to reconsider that your 'basic knowledge of economics" isn't enough to explain everything. https://australiainstitute.org.au/post/oecd-confirms-that-inflation-has-been-mostly-driven-by-corporate-profits/ https://australiainstitute.org.au/post/oecd-confirms-that-in... https://www.npr.org/2023/05/19/1177180972/economists-are-reconsidering-how-much-corporate-profits-drive-inflation https://www.npr.org/2023/05/19/1177180972/economists-are-rec... https://www.investmentmonitor.ai/news/corporate-profits-responsible-for-almost-half-of-europes-inflation-imf-report/?cf-view https://www.investmentmonitor.ai/news/corporate-profits-resp... https://www.ineteconomics.org/perspectives/blog/profit-inflation-is-real https://www.ineteconomics.org/perspectives/blog/profit-infla...
  - slibhb 3y ago
    I feel like you're an LLM having a fit of hallucinations. Like I said, in any social mileu there are insane things that are commonly believed. Providing evidence that people believe in "greedflation" doesn't contradict that at all.

slibhb 3y ago

> Nobody is saying inflation doesn't exist. Bizarre non sequitur. > By your logic any price hike is to be accepted and not questioned because "basic economics"... No it doesn't. But by your logic, surge pricing is theft. I have no particular faith in people. I observe that there's all kinds of irrational, nonsense beliefs scorned by mainstream economists that are popular among certain groups. "Greedflation" is dumb economic populism, nothing else.

lm28469 3y ago
Idk how to dumb it down enough because your logic is so flawed: X causes Y doesn't mean Z cannot cause Y too. You might want to reconsider that your 'basic knowledge of economics" isn't enough to explain everything. https://australiainstitute.org.au/post/oecd-confirms-that-inflation-has-been-mostly-driven-by-corporate-profits/ https://australiainstitute.org.au/post/oecd-confirms-that-in... https://www.npr.org/2023/05/19/1177180972/economists-are-reconsidering-how-much-corporate-profits-drive-inflation https://www.npr.org/2023/05/19/1177180972/economists-are-rec... https://www.investmentmonitor.ai/news/corporate-profits-responsible-for-almost-half-of-europes-inflation-imf-report/?cf-view https://www.investmentmonitor.ai/news/corporate-profits-resp... https://www.ineteconomics.org/perspectives/blog/profit-inflation-is-real https://www.ineteconomics.org/perspectives/blog/profit-infla...
- slibhb 3y ago
  I feel like you're an LLM having a fit of hallucinations. Like I said, in any social mileu there are insane things that are commonly believed. Providing evidence that people believe in "greedflation" doesn't contradict that at all.