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.
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.