politics

I'm convinced the majority of our inflation woes post COVID were due to corporate greed. 

"Consumers, particularly lower-income ones, are also becoming more price-sensitive, forgoing high-priced items or shifting to cheaper alternatives. This has forced many companies to rein in price hikes or even offer lower prices."

I'm convinced the majority of our inflation woes post COVID were due to corporate greed. 

"Consumers, particularly lower-income ones, are also becoming more price-sensitive, forgoing high-priced items or shifting to cheaper alternatives. This has forced many companies to rein in price hikes or even offer lower prices."

https://apnews.com/article/inflation-prices-interest-rates-economy-federal-reserve-f8de2672173407d3a126cc13493fed85?taid=66bca5f06a02d900017f0366&utm_campaign=TrueAnthem&utm_medium=AP&utm_source=Twitter

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Inflation is primarily caused by govt fiscal irresponsibility from overspending. The structural deficit needs to be balanced by new debt which sits on the Fed's balance sheet. By increasing the money supply, you incrase the pool of money chasing after the same goods and services resulting in inflation.

Demand could increase the prices but I don't think that's what happened post COVID, instead companies artificially increased the prices which they can do because we do not have a perfectly competitive market. Corporations have literally told us they were doing it. 

https://www.commondreams.org/news/companies-admit-prices-profits

https://www.theguardian.com/commentisfree/article/2024/may/23/corporations-price-gouging-big-oil

I'm not saying the money supply has an impact on inflation but post-COVID a large portion was due to the increases in prices outside what you would normally see due to demand or input costs.

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I think price gauging is to an extent true and when everyone does it it goes into a feedback loop. There are other factors too. Supply chains are broken and there are a few wars going on. Ultimately business set prices based on future expectations. Market forces will find equilibrium.

I'm not saying the money supply has an impact on inflation but post-COVID a large portion was due to the increases in prices outside what you would normally see due to demand or input costs. 

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