Stop spreading misinformation

only governments can create inflation, because only governments control the money supply.

Denying inflation is the dead parrot Biden is trying to sell. First, it was "transitory," then it was supply chain, and now it's corporate greed. What will it be next?

Funny how libs keep switching between there is almost no inflation under Biden to its corporate greed... on again... off again... LOL

Completely botching a global pandemic, causing widespread supply chain shortages, and his buddy invading Ukraine, virtually stopping 10% of global grain shipments had nothing to do with inflation?

No, we just aren't innumerate rubes - between 1979-2019, corporate profits accounted for 11% of price growth. Since 2020, they're responsible for around 54%.

https://www.epi.org/blog/corporate-profits-have-contributed-disproportionately-to-inflation-how-should-policymakers-respond/

Also, the M2 supply has shrank by around $1T since 2022, so the actual dead parrot bit is "printing money".

CtrlFreq, please explain what Trump did to keep "corporate greed" under control that Biden is not doing.

What did Trump do to keep corporate greed at 11% until his final year in office? Nothing, but that's the wrong question.

To answer the real question "how have corporations been able to increase profits by 500% since 2020?", and the answer is because they've seized the excess in raw dollars created by our printing a third of all dollars in circulation during 2020 ($6T) and 2021 ($3T) by raising prices and suppressing wage increases.

CtrlFreq, you are saying what I said just backward. Corporations receive the excess raw dollars created by the Fed printing money to cover the deficit. Corporations buy higher-priced commodities such as oil, and pay rising wages. That is inflation! Some businesses can take advantage and make higher profits, some can't. Commodities companies can make record profits in this situation. Restaurats can't so they are going broke.

Corporations also pay dividends to investors and bonuses to executives, and their stock price and market caps are intrinsically linked to the potential to do so. In response to dollars inflating, instead of re-balancing across constituencies to keep real value to each aligned, they tend to capture the excess in raw dollars for investors.

The problem is they become accustomed to this and have to maintain those payouts even after the glut of dollars has ebbed, creating the death spiral effect we think of as late stage capitalism. In order to maintain "profits", the body must eat itself: value of products and services are reduced, prices are continually increased, and wage increases are offset by layoffs and automation.

That's why, even though we've shed almost a trillion dollars of the $9T created in 2020 and 2021, prices have continued an upward trend over the past two years, products have gotten smaller, and service has continued to decline.

Yes! The more the government "redistributes (controls) wealth" the more money goes to (friendly) corporations and the growing government bureaucracy. Did you notice how small businesses failed because of the COVID lockdown while large corporations made record profits? Centalization of the economy! Maybe late-stage capitalism will be when the government & a few large corporations control the entire economy. Then it can easily transition into socialism with a few powerful individuals making all decisions and having power over people's lives like living gods. Stalin, Mao, Castro, Pol Pot, etc. Only a few million more people murdered and we'll get Marxism right this time.

I'm not talking about external redistribution- this is about understanding if your capital-labor-customer allocations were 30/40/30 before the dollar inflated, they should be that after as well even though you're bringing in 50% more dollars than before.

Yeah, mom and pop suffer because they're so far downstream and, like individuals, pay the full compounded sum of the greed upstream, so why do we allow capital to bleed itself and the rest of us dry?

The more powerful a government is, the faster wealth rises to the top because the people on top make all the laws. Check out all the mansions Stalin and his cronies built for themselves while in the rest of Russia, two or more families lived in one flat.

"why do we allow capital to bleed itself and the rest of us dry?" This is a good question. People in Washington want money and power. They use the printing presses to print the money they want. We pay for it through inflation. "Value" goes from the middle class to the political elite. This scenario has always been, but Biden has taken it to the next level.