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> 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
by 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 agoIdk 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 agoI 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.