It’s not inflation. It’s price gouging.
Yeah it isn’t natural at all and needs regulation on basic items to live
I don’t know, they look natural to me
Price gouging coincidentally at the same time across the entire economy, soon after an enormous increase in the monetary supply.
A—Aurora Borealis? At this time of year! At this time of day! In this part of the country! Localized entirely within your kitchen?!?
Record high prices coinciding with record high profits and plunging cost of good sold, followed by even higher prices. They are testing to see what the pain thresholds are. All that’s gonna happen is that business will start to collapse as consumer spending plummets because people can barely afford to survive. Will the system autocorrect or collapse? Will the government ever enforce consumer protection laws ever again? ¯\_(ツ)_/¯
Occam’s razor says the more simple/plausible explanation, that a huge increase in the monetary supply causing higher prices through supply and demand, is about a thousand times more plausible than tens of thousands of corporations simultaneously deciding to coordinate to fix prices despite that it’s in each of their best interests individually to break with that scheme. With no actual evidence of a concerted attempt across the entire economy to fix prices (not to be confused with a couple corporations having board meetings where someone bragged about raising prices).
Or, in simple terms - it’s not that every single other good in the entire economy has suddenly become worth more as the result of some overarching conspiracy. It’s that they printed a bunch of money and it’s now worth less.
I would recommend anyone who still believes the “greedflation” thing spends an hour reading some articles critical of the theory. Not really looking for a debate about it tbh.
“Not really looking for a debate about it tbh.”
No, just the last word. There’s a lot more to it that clearly explains why it’s a systematic failure that led to this, and it’s a lot more complex that just over supply of cash. You can’t stop looking at other facts once you’ve researched just enough to find an answer you’re comfortable with.
Your previous comment was basically a massive industry wide conspiracy theory though, so their response of a more sensible answer to give you something a bit more concrete to go on was pretty reasonable to me.
The loan on my van is paid off, The bank is paying me interest on my savings again, I have a years worth of costco rice stored, and the campsites by the river where i live in my van is empty because everyone too broke to go on holiday. Life is sweet. (No part of this comment is hyperbole)
Out of curiosity is your van largely stock or have you upgraded it?
Stop trying to make me feel good about inflation.
The inflation report that came out today specifically omits fuel and grocery prices because those are “volatile” categories. My grocery bill is double what it was two years ago and has been for six months. I wouldn’t call that volatile.
inflation can’t be that cute
You just gave me a whole new perspective
Sure it’s a widespread increase in the prices of goods and services, but corporate profits are up too so that makes it not inflation, for some reason. /s
For more information, look up “breast inflation” on google
tbh both inflation numbers are hot
Nah reported inflation is better. Too much inflation might drown you
It’s a risk I’m willing to take.
Well, thing is, some product categories probably aren’t suffering the same price hikes as groceries, fuel and rent. Stuff like cable and internet, clothing and office supplies are probably bringing the average down (please tell me if they’re having inflation, I pulled these categories out of my butt).
I hope we see deflation eventually… I know it’s not good for the economy but no one wants to pay 100 dollars for a coke
Problem with deflation is: what do people do when theres deflation when it comes to optional expenses? Well, they may postepone them in hopes that prices go further down, this means that there’s less demand, prices go downer, businesses may start to fail, putting people in unemployment, reducing demand, and death spiral. Basically same thing as inflation death spiral but with deflation. Consumer confidence is a very delicate thing
This breaks the current economic system and will only occur safely once capitalistic GDP and population growth has ceased completely
Some would argue the current economic system needs a little rattling
In some ways, the reported inflation is real. The main increase in cost is not actually real, or caused by anything except greed.
There’s also a lot of hidden costs that aren’t factored into inflation as strongly as they should be, or at all. Those hidden fees have also gone up.
So the entire business segment is just hand waving the whole issue because they know it will be reported wrong; they’re going to keep raising prices and point to the “official” inflation numbers and continue to feed us the bullshit that inflation isn’t a problem to justify never giving their employees a raise.
IDK how stupid they think we are, but I’m sure they think we’re little more than retarded (I mean that in the clinical sense). They’re (very publically) showing massive profit numbers, using inflation, or the lack thereof, to justify slave wages, while ripping off their users as much as they think that they can without creating riots.
More for them, less for us. As it’s always been.
When you thought Lemmy would be less cringe than Reddit: 🤡
I mean it is in fact a shitty post.
But can the shit still be cringe when it’s shitty cringe and taken as merely cringy shit? The question of our times.
The only happy inflation for me is the one in my pants. This image does it
Any more pic of them or are they just randomers on one photo?
God amateur stuff on the internet is so so much worse than it was 5-10 years ago :(
It’s a meme, put your dick away.
In case you were wondering, this is not a normal response to seeing a picture of two women just standing there. Women existing is not an excuse to be a horny creep. Take it to a porn site.
I wasn’t wondering thanks.
I was just commenting on a meme about big tits.
Inflation is transitory, and it is Trump’s fault for overheating the economy anyways.
It’s the Fed’s fault for overreacting to COVID and leaving rates at 0% for years. That shit has permanent consequences. A whole lot of people got insanely rich from a global tragedy.
