this post was submitted on 05 Jan 2024
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Others will argue that corporate greed was the cause of inflation, and they'd point to plenty of companies making record profits while raising their prices.
The same corporations had record losses before that. Inflation comes from free money, it's obvious to anyone with half a brain.
Corporate greed always existed. Thus, it is not the one that triggered inflation.
No need for ad hominem attacks. Profiteering has always been a part of inflation but it's never the cause or the underlying reason that inflation occurs. There are a host of things that go into what drives inflation but during Covid it was the Fed dumping tons of money into the system and post Covid it was wage inflation and low unemployment. Do corporations still use predatory pricing? You bet. The only thing that will really work now is either very deep recession or a depression.
Wow, just wow. It is OK to disagree, but what’s wrong with you to just start doing personal attacks out of blue? Do you consider yourself a good human being? If yes, look at your post again.
As for the topic of discussion, you have to learn the meaning of the word “trigger”. Also, your analogy does not stand at all, because I was not claiming that corporate greed is good, just that it is not the trigger.
So, because it always existed, it's not possible for it to have gotten worse and contributed more to the problem?
Galaxy brain take.