2023 Deficit Hit $1.7 Trillion

Corporate free doesn’t drive up inflation.

But it does drive up price gouging and the CPI and people blame it on inflation and the president when we live in a capitalist society that doesn’t have state mandated pricing.

Thank you for coming to my Ted talk.

Please move to Venezuela. They have exactly what to want.

Shush if you’re going to add your 2 cents to this conversation make sure you have something to back it so it doesn’t cause inflation to spike.

Telling me to piss off to another nation is not an argument regarding greed/inflation.

State-mandated pricing always causes shortages. Nixion did it in the 1970s. USSR did it for decades. It never works. Creates a black market and shortages. Well-documented history proves it.

The point being…that you clearly missed…
Biden and the state don’t control prices any more than Trump did. Because this America. We don’t have mandated pricing on consumer goods.

And unlike Trump Biden didn’t put us in a trade war that actually did have a causal relationship with price increases on food…but wasn’t notable compared to the price gouging that went on under the guise of supply line issues from Covid 19.

Your blaming the President for something he doesn’t control for the greed of CEOs.

It's not just the President's fault. Congress is also to blame. Deficit spending and printing money cause inflation. Higher energy prices don't help.

That still doesn’t explain the cpi out pacing inflation of a minimum of 2 to 1 while also the companies raising prices are making RECORD profits.

Again the companies set their prices base off what the market will bear even if it’s exploitative.

"The most well-known indicator of inflation is the Consumer Price Index (CPI), which measures the percentage change in the price of a basket of goods and services consumed by households." https://www.rba.gov.au/education/resources/explainers/inflation-and-its-measurement.html#:~:text=The%20most%20well%2Dknown%20indicator,and%20services%20consumed%20by%20households.

Aluma, not sure what you are talking about. CPI is a way of measuring inflation.

“which measures the percentage change in the price of a basket of goods and services consumed by households.“

“Percentage change in the price of a basket of goods and services”

“The price”

Tell me.
What other things can affect the price of a good other than inflation?
Could a company in fact charge more if the market will bear it?

The answer to that is yes because that’s what they did.
They blamed the pandemic and inflation to charge well over the increase in costs.
So much so they are making as I’ve stated RECORD profits.

Profit is the net income after a good or service of a product or service has been provided to a consumer after the cost of production and all other expenses.
T despite inflation they are making more money then ever. There fore greed plays more into the increase of the cost of goods in event years then inflation regardless of it’s severity or lack there of under both Trump and Biden.

As inflation raises the price of everything, "Record Profit" is a relative term. Which corporations are making record profits? Which are not? A blanket statement like that isn't very useful. Aluma, I'm not making stuff up. Do the research on the causes of inflation. It's basic economics. Corporate greed is a constant. No scholarship includes "greed" as a factor.

Aluma, I know it's hard to take when you find out that the people you trusted are lying to you so you do have my sympathy. Leaving an abusive relationship is hard, but it is a path to personal growth and awakening.

Ugh…
As I stated…
In my very first comment…
Greed does not drive up inflation (at least on paper there are rare edge cases.)
I said this was true.

I did say however the prices of goods and services can vastly out pace inflation…
Like they have been..
In almost EVERY industry with few exceptions. One of those weirdly being the tire industry.

Because they took the issues from the pandemic and inflation and lied about their cost increases in order to justify extreme price increases to make record profits.

I know it’s difficult to get past your condescending tone I know and get past the fact what you’ve been told is a lie I know. Especially when businesses have never done anything wrong and lied about it before. *cough cough* 2008 financial crisis*cough cough*
But yes businesses do in fact lie in order to justify unjustifiably high prices.

You are dancing around with a bunch of unimportant nuances. Who are you defending? This is not a partisan issue. Both Parties are guilty. Current US inflation is caused mostly by printing money to pay for deficit spending. 2023 Deficit Hit $1.7 Trillion. that's a shit load of money. 98% of GDP!

When people on the left say that greed is the cause of “inflation” it is because people are conflating the rising cost of goods with ONLY inflation.

They use clickbait titles like that to get peoples attention and explain that what we are experiencing as “inflation” is mostly, not all, corporate greed.

As I’ve been trying to get across this entire time and pointed out MULTIPLE TIMES.

“What are you saying that there is no inflation”

Omfg NO at point have I suggested there is no inflation for the love of god actually read what I’m saying.

I am saying
The price increases
Exceeded inflation excessively regardless of severe or standard inflation rates.
Because corporations thought they could get away with it by using the inflation/false pretenses as a scapegoat.
To which they did.

The “inflation” we are experiencing is partially inflation..and I cannot f**king stress this enough…but MOSTLY NOT ONLY greed.

You have fallen for corporate propaganda claiming that the reason everything is expensive.
Is and only is because of inflation.which is a lie.

Pointing out your obvious wrong conflation of greed and inflation because of you using the national debt as an example is not dancing around unimportant nuances it’s pointing out the obvious.

Because the cost of goods isn’t being directly tied to the national debt. Nor not even inflation.

It has been greed.
As I have proven multiple times.
Now you are just trying to save face by not even replying to my comments but your own to avoid me being notified.

Recent * Cost increases to goods are mostly* not tied to inflation.

Small correction but important one.

"Greed Is Not Causing Inflation. Greed Is Causing Record Price Increases?" Are you saying there is no inflation, only rising prices?" Are you an inflation denier? What is your definition of "inflation?"

So greed is causing inflation across the board. Everything is getting more expensive because of an explosion of greed. Please explain how greed is variable. Why is greed so much more under Biden? Why was greed less under Trump, Obama, Bush, Clinton, etc. How did every corporation become less moral and more greedy under Biden all at the same time?

I'll make it fit. Give me a hammer.

And for the last GO***AMN TIME.

Greed
Is
Not
Causing
Inflation

Greed
Is
Causing
Record
Price
Increases

You took economics and business course. You should know better.

No. Inflation is not all Biden's fault. Congress is helping. the insane deficit is the fault of Both Parties.

Okay now you’re just putting words in my mouth which are arguments I haven’t even made.

Corporate greed caused a lot of the price gouging and greed during late Trump and Biden presidency because they had the easy scapegoats of inflation and the PANDEMIC that happened under both.

Corporate greed has been an on going issue for decades under multiple presidents we just didn’t have the internet back then to course correct business propaganda and MSM corporate media lies.
Dasani stealing water and selling it for profit.
Coke and Pepsi replacing ingredients with corn syrup and fructalose then blaming obesity spikes on fats.

For instance GE had done what Boeing did in recent history in the mid 90s cut costs increase prices and put the share price above anything else. A tactic and philosophy that has been escalating and incorporated in almost every business since then.

Again it just reached fever pitch because AGAIN they had the perfect scapegoat. the pandemic and the after effects as such.

Which as much as you are complaining about inflation… did you bother to check the inflation rates of the rest of the world like in France, Britain, Spain? They are significantly higher than Americas.
Was it because they adopted “woke spending policy’s” or just printed money? No far from it.

If you were not interested in talking about inflation, why did you even reply?

The OP was about inflation. It was not about corporate greed no wonder I was confused.

They sure got you by the short and curlys

Somehow corporate greed has doubled and tripled since Biden was elected. No one is buying it. Wash your socks, not your brain.

If you say so chief

Look up inflation in any economics textbook. The Weimar Republic is often mentioned as an example. Argentina, Venezuela, Zimbabwe, etc. Many examples. It's not esoteric knowledge. If you really want to know the cause of inflation, it's easy to find. Your favorite river in Egypt is the only thing holding you back.

Oh when did you take Econ 101 and what school?

Not Econ 101. Micro and Macro economics. 1990s UNCW minor in business.

Then it’s amazing you took that course and learned nothing.

As Weimars inflation was caused by the restitutions imposed by the other world powers who won world war 1.

Yes printing off money doesn’t work with non fiat or fiat currency but the American dollar has enjoyed a special status as a staple currency globally. With only the euro being a real contender.

Biden didn’t get up and decide to build infrastructure and that caused the prices of eggs to nearly triple for a brief time because the egg industry lied about bird flu culling for that year. It wasn’t the governments choice to dump milk in order to maintain high prices and record profits. It was the governments choice to bailout farmers to avoid a food shortage from farmers going bankrupt thanks trumps trade war with China. An action I agreed with even if I disagreed with the trade war vehemently.

It wasn’t the government’s choice to allow lead to contaminate lunchables through a new cheaper process.
A lot of these decisions leading to record profits are simple.

Now all that would go out the window if companies were making little to no profit. That’s hard choices during hard times. But that’s not the case.

It’s greed. Always has been.

De Nile is a river in Egypt. Increasing the money supply (printing money) to pay for deficit spending is the cause of US inflation. More and more money chasing the same amount of goods, or a shortage of goods are the only causes of inflation. Only when there is a shortage of goods does price gouging occur.

First off if you’re going to steal my denial taunt use it correctly and don’t use it on me.

Second that’s rich coming from a man so deep in it that not even Sobek could dredge you from its waters.

Third that’s not true. Take insulin. The cost of producing insulin is relatively cheap and is simple to produce. Yet it has been excessively marked up in recent history. The companies producing it blame research costs. But the truth is they don’t spend the money on research as they spend most of their money on marketing and stock buybacks. They created an artificial shortage on a market they have a near monopoly on and exploit it despite the deaths of Americans who can’t afford vial that costs only 5 dollars to produce.

The egg and milk industry induced a shortage and blamed it on illnesses of their animals to create an artificial shortage.

Kellogg raised the price of their goods despite not having a cost increase for production of over 13 % well past the inflation rate of 3.42% for that quarter. Then marketed themselves to be cost effective food for the poor.

All unnecessary suffering induced by plane old greed.

How much money can the Fed print? When will increasing the money supply begin to affect inflation? Because the Dollar is the international standard currency, it would take a lot, but there is a point where printing money will add to inflation. It's basic economics.

Well I’ve got good news for you raising the interest rates thanks to the fed helped stem that problem and curbed inflation for the most part…yet prices increased double or even triple the increase to inflation like I described before?

Why was that? Because they could. Businesses by obligation are expected to charge as much as possible to bring in a profit and they will use any flimsy pretense to justify stark price increases that out pace any cost increases such as inflation, wages, pandemics, or just for shits and giggles as long as the market can bear it.

Their greed has outpaced inflation by record highs regardless of it’s severity quarter to quarter.

The FED can print money as long as investors will buy it.

No, it's not.
Inflating prices is the cause of inflation, hence the term...

It goes to "11"

Price collusion can occur, but that would only affect one of two products. Inflation is affecting all goods and services in the US. Other currencies are affected because the US Dollar is dominant, and other countries are printing money like the US. Also, in Europe, there are shortages of Energy because of Ukraine. Greed has nothing to do with it.

We live an era of Heavily concentrated industries. We have 3 cell phone companies, 1 airplane company, roughly 4 airlines, and the rental industry despite having various competitors are colluding in prices by using a third party to using an algorithm (that they insist on calling ai.) to recommend keeping units vacant to induce a rental shortage and artificially inflate prices. We have 3 major operating systems companies (Linux may be a dying breed but they still exist.).

Price collusion is in fact occurring more and more regularly but the cause is far more simpler.

The current method of business is to inflate the stock price as much as possible at the cost of everything else because most ceo care packages offer stock compensation to circumvent income taxes and ceo pay regulations. So much so they purchase their own stock shares back more so then they spend on research, maintenance, equipment upgrades, or employees.

For our most recent example look no further then Boeing.
Before that Ubisoft, before that EA, before that the insurance industry, and before that the medical insurance industry and that hardly even scratches the surface of the past 5 years much less the dawn of the 1990s with info a few years behind.(that is not intended to be insult in any regard because the way business was conducted dramatically has shifted from the methods of the late 80s early 90s.)

That and lax regulations have allowed even the dregs of business society to run rampant like with crypto and pyramid schemes that I swear are breeding like guinea pigs.

Aluma, the Establishment has you just where they want you. Fear of the unknown keeps you attached to identity politics. What is beyond the "us or them" binary? You may never know.

Price gouging only occurs when there is a shortage or companies collude to set prices which is illegal. Price gouging would only affect certain products. Inflation is across the board and is caused by increasing the money supply or shortages or both. Graph show huge money supply increase. "https://schiffgold.com/exploring-finance/money-supply-growth-continues-to-support-the-stock-market/"

Yeah I read that the first three times I gave evidence to the contrary by giving examples of corporations manufacturing scarcity and increasing. Prices well beyond the rate of inflation…

The Establishment wants to print and spend money freely so it keeps us fighting left vs. right. The leftist talking point is that there is no inflation but only "greedy corporations." Then the right complains that the left spends too much money causing inflation, but the the right also wants to spend money, so the Uniparty calculates the votes to pass spending bills with political cover. The right falsely blames it on the left. The left falsely blames it on the right. Spending bills passes. People get screwed by inflation.

Oh for f**ks sake…
NO ONE.
Literally NO ONE.
Not one single person in the left.
Zero!
Are saying there is no inflation.

The left is saying that prices seem so steep because of greed OUT PACING inflation. They are accusing corporations of price gouging and using inflation as a scape goat.

I have given you countless examples of them manufacturing shortages, pricing well beyond inflation, and flat out lying.

I will make this simple.
Inflation for one quarter is 4.62%. High but not awful.
Company x raises their prices by 9% and blames it on inflation.
Corporation x makes record PROFIT despite inflation but people complain about prices increases.
Corporations x blames inflation.
The left says: they are lying their asses off so they can charge more. Their price increases were double that of inflation. They even threw away half their product to make it look like they were struggling.

Aluma, why do you support the Establishment? They are clearly not looking out for your interests.

In what regard in ANY of these comments have I been pro establishment?
I am for heavier regulations and repealing or reinstating rules that corporations abuse like stock buybacks which were illegal for a go***amn reason until Reagan.