9 ms·

It's possible that the corporations are no more greedy, they are just more able to get away with charging higher markup.

• mr_toad 3y ago
  Because of easy money.
  • toomuchtodo 3y ago
    No; prices went up fast but there is nothing to drive them back down (ie competiton) even with inputs costs having declined due to monetary policy. Ergo, inflation was used as cover to hold prices high long after their cause had subsided. https://robertreich.substack.com/p/corporate-soaring-profits-are-from https://robertreich.substack.com/p/corporate-soaring-profits...
    • mr_toad 3y ago
      Even with no competition you can’t keep putting prices up unless your customers have the means to pay. Competition didn’t suddenly change, it was the means to pay that did.
      • toomuchtodo 3y ago
        Customers have the means to pay because of low unemployment. It is what is keeping consumer spending going.