• SCB@lemmy.world
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    11 months ago

    It doesn’t take research to understand that overwhelming demand + lots of cash-on-hand yields inflation.

    Literally everyone expected inflation after COVID.

    “Greedflation” is just a manipulative way to describe the mechanism of inflation itself, which is price rising to the natural limit the market will bear.

    This is all extremely well-understood.

    • pineapplepizza@lemm.ee
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      11 months ago

      Meanwhile companies are posting record profits from from raising prices above the cost inflation… Greedflation

      • SCB@lemmy.world
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        11 months ago

        All inflation is caused by people seeking to make more money.

        That’s what inflation is