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inflation rule (lemmy.blahaj.zone)

submitted 9 months ago by [email protected] to c/[email protected]

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[–] [email protected] 39 points 9 months ago (2 children)

Only temporairally. Prices would fall back down again as competition theoretically kicks in.

[–] [email protected] 44 points 9 months ago (2 children)

You don't really believe that, do you?

[–] [email protected] 34 points 9 months ago (1 children)

The wealth will trickle down eventually 👍

[–] [email protected] 13 points 9 months ago

Surely the dragon will be satisfied when we let him eat the next village!

[–] [email protected] 2 points 9 months ago (1 children)

I do. It’s basic market forces.

I say therothetically because the US doesn’t enforce antitrust laws.

[–] [email protected] 2 points 9 months ago

Hahaha

[–] [email protected] 34 points 9 months ago (3 children)

Prices usually don't fall. Falling prices are generally seen as really bad. Prices instead stop going up so fast.

[–] [email protected] 6 points 9 months ago

To some degree. We’ve seen prices rise in the pandemic and drop back down substantially over time back to pre-pandemic numbers. Look at price trends for construction supplies, for instance. Not sure if that is what you’re referring to, however

[–] [email protected] 2 points 9 months ago

Relative to inflation.

[–] [email protected] 1 points 9 months ago* (last edited 9 months ago)

Which is "ok" as wages will start to go up over time (for some). But some wages don't climb as fast and some people are on fixed revenue (old people, disabled people).

So it requires readjustments