4 ms·

yeah, it's called inflation, it really sucks for everyone except the people who receive the new money early (mainly the banking system, but also people w/liquid

yeah, it's called inflation, it really sucks for everyone except the people who receive the new money early (mainly the banking system, but also people w/liquid assets + finance adjacent industries like housing) we should avoid it oh well i guess a bunch of people will go bankrupt and then get bought up at distressed prices by people with access to new money early wait a second...

notfromhere 2mo ago
Its meat processors having a monopoly.
- deleted 2mo ago
  [deleted]
- ReptileMan 2mo ago
  monopsony
- hn_throwaway_99 2mo ago
  I realize saying RTFA is against the rules, but this exact point (meat processors profiting off the price hikes) is specifically discussed, and refuted, in the article: > Four companies - Tyson, JBS, Cargill and National Beef - control around 85% of American beef processing. > That high level of market concentration has drawn accusations of price-fixing, even from President Trump. > So you might expect that those four firms are currently making huge profits from high beef prices. Yet the opposite is happening. > Tyson, the biggest of the four, reported in May that it had lost more than $500m on beef in the first half of its financial year.