2 ms·
I agree that greedflation is very much a thing. When many competitors do this, it makes it easier for others to do the same. However, I find it frustrating tha
by lowkey 3y ago
I agree that greedflation is very much a thing. When many competitors do this, it makes it easier for others to do the same.
However, I find it frustrating that so many articles, economists and the government consistently fail to mention the primary proximate cause for inflation.
Namely, the simple fact that 80% of all the dollars ever created were created in the most recent 4 years.
In my opinion inflation is a misnomer. It would be more accurate to call it dilution of the purchasing power of the dollar aka grand theft by central bankers.