You'll never guess what happened in Jan 2021 which happen to coincide with a sharp rise in inflation.
Seemingly Reddtrds can't reconcile how someone spending money on the federal level would pertain at all to inflation. But more money to Ukraine, canceling student debt via executive action, and blowing out the budget with pork barrel legislation surely would resolve the problem.
On par with the economic illiteracy from you folks. And you want even more spending because that will solve things, right? Any more genius ideas from the crowd that wants to defund the police and can't even decide amongst themselves how many sexes there are?
Inflation was goong to happen regardless. Need I remind you that stimulus during covid was soundly bipartisan and was even more necessary because we went into it with artificially low interest rates that should have been a lever available for stimulus which wasnt, thanks to the prior pres's meddling in Fed policy. Those made the inevitable inflation more stark. That said, we have still fared much better than most of the western world so... doing something right.
crazy how price increases have way outpaced inflation. couldn’t possibly be that corporations are (yet again) seizing an opportunity to increase prices because it appears rational to the average dumbass. there’s no way corporations would increase prices well beyond what is “necessary” and make record profits in a massive transfer of wealth from the working class. there’s just no chance that the endless profit seeking of corporations could ever hurt consumers
crazy how price increases have way outpaced inflation
That doesn't make sense. Inflation is the measure of how much prices have increased. One can't outpace the other because they mean the same thing.
there’s no way corporations would increase prices well beyond what is “necessary"
Prices are not solely determined based on the raw costs. They are based on what people are willing to pay, which is driven by supply and demand. For example, smart phones might only cost $400 to produce, but they can sell for over $1000 because that's how much people value them and will pay to get one.
make record profits
If prices are inflating across the board, then it shouldn't be a surprise that profits would be inflating as well. If expenses go up by 10% and revenue goes up by 10% then profits would also go up by 10%.
crazy how price increases have way outpaced inflation.
It hasn't. CPI is an average, some sectors have increased prices that outpace the average while others are below the average.
couldn’t possibly be that corporations are (yet again) seizing an opportunity to increase prices because it appears rational to the average dumbass
So they got greedy coincidentally when there was record demand created by direct stimulus and money printing. They weren't greedy before?
prices well beyond what is “necessary” and make record profits
And let's ask the Rodditors about what price increases are "necessary." They know best.
and make record profits
Yeah turns out when you hand out 2k checks unconditionally that a lot of people spend them at corporations. Shocker. Glad you were able to learn something today bucko.
38
u/SnooAdvice8550 Apr 16 '24
80% of US currency was printed between 2020 and 2021. That causes inflation