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> "Greedflation" appears to be a significant part of it. Are you saying greed is a recent phenomenon? Companies were not greedy before? In that case, here's a
by credit_guy 2y ago
> "Greedflation" appears to be a significant part of it.
Are you saying greed is a recent phenomenon? Companies were not greedy before?
In that case, here's a question for you. How much money do you think the Fed injected in the economy between the start of Covid (March 2020) until the peak of the inflation (June 2022)? Everyone knows it was a lot of money, but how much? One trillion, two, three?
If you said $4.8 trillion, then you were right [1]. That's about $15k per person in the US. Or about $45k per household.
Do you think this might have something to do with the inflation?
[1] https://fred.stlouisfed.org/series/WALCL https://fred.stlouisfed.org/series/WALCL
- consumer451 2y ago> Are you saying greed is a recent phenomenon? Companies were not greedy before? Nowhere did I say that. Rising inflation gave cover for existing greed to do its thing. It doesn't seem that complicated or hard to predict.