seneca pfp
seneca
@seneca
Why is everything so expensive? I had a family dinner recently and lots of ideas were thrown around including corp price gauging, supply chain issues, etc. I’ve always been convinced it is primarily money printing / inflation. What’s the actual reason why everything has increased so dramatically?
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matthewb.eth pfp
matthewb.eth
@matthewb
printing nearly 40% of the M2 money supply in a relatively short span of time (2020-21)
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McBain pfp
McBain
@mcbain
pick your boogieman but it's a disappointingly ambiguous mix of all of the above
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Stuart pfp
Stuart
@olystuart
I think it's a bit of all those. Corporate price gouging is also just known as capitalism functioning as it's designed to. Price inflation is one way the ruling class counters the impact of wage increases to maintain their relative power vs the working class. And we've benefited from cheap goods with externalities out of sight, out of mind.
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Michael Varde pfp
Michael Varde
@michaelvarde.eth
The debasement of currency, ever since 2008 when the federal government started printing money to pay off their own debt.
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Chic Bangs pfp
Chic Bangs
@chicbangs.eth
greed
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FlexasaurusRex◨-◨Ⓜ️🎩 pfp
FlexasaurusRex◨-◨Ⓜ️🎩
@flexasaurusrex
Not enough noggles obviously.
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Arti Villa pfp
Arti Villa
@artivilla.eth
yep. prices post pandemic never came down in nyc. glad i switched to never eating out again. still gotta read this one: https://www.principles.com/big-debt-crises p.s that has more to do with tracking macros than pure $$ take.
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Dan Romero pfp
Dan Romero
@dwr.eth
They pumped a ton of money into the economy in 2020 and 2021. Prices go up a lot faster than they come down (if ever).
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Davin クマ pfp
Davin クマ
@davinoyesigye
i really lean towards supply chain distortion by the pandemic. the whole world has never recovered back from the shock as i can see it from the oil and gas suppliers in my day to day work.
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Diana Ⓜ️🎩🔵 pfp
Diana Ⓜ️🎩🔵
@dianaa
It’s a perfect storm of inflation and supply chain problems I think.
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Symbiotech.⌐◨-◨🟡🎩 pfp
Symbiotech.⌐◨-◨🟡🎩
@symbiotech
I think it started with shrinkflation and when they ran out of reduced volumes they just started doubling the prices.
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Commstark 🎩🫂 pfp
Commstark 🎩🫂
@commstark
it’s everything but starts with money printing free money leads to all other problems So it’s like: 📁free money └📁spend instead of solve     └📁lack of skills exist so in crisis there are no skills to deal with actual hard issues          └📁politics remains finger pointing/ppl look to politicians instead of themselves               └📁 jealousy of those who get money leads ppl to only crave money creating other societal problems
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