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What caused what most people perceive as inflation is really greedflation that, quite simply, was caused by it suddenly becoming acceptable to raise prices "bec
by RRWagner 2y ago
What caused what most people perceive as inflation is really greedflation that, quite simply, was caused by it suddenly becoming acceptable to raise prices "because everyone else is" and corporations piling on by saying to themselves "let's see just how high we can put prices before people cut back buying". The answer is "a lot" people have shown they will still wait in line to pay a bigger chunk of their income for a burger, a coffee, an egg, and pretty much everything else. They will whine the whole time but they still buy much to the delight of the seller. Imagine if tens of millions skipped product x for a week or two or even better until the price went down.
- rayiner 2y ago> What caused what most people perceive as inflation is really greedflation that, quite simply, was caused by it suddenly becoming acceptable to raise prices "because everyone else is" and corporations piling on by saying to themselves "let's see just how high we can put prices before people cut back buying How can you believe that when the graph of M1 money supply looks like this: https://fred.stlouisfed.org/series/M1SL https://fred.stlouisfed.org/series/M1SL