The label "inflation" should be relabelled as "greed". amirite?

We printed a ton of money the last few years and it reduced the value of your dollar, hence inflation. I agree with greed but it's coming from a select few and not the public or businesses at large.

by Alberta03 1 week ago

Mh QE happened in europe from 2012 onwards ... Inflation came 2020 due to covid (supplyconstraints) and 2022 due to Ukraine war (grain supply constraint and oil and gas price shock) not sure how u can make QE responsible for that

by Monahanmaci 1 week ago

True. QE causes inflation. But what caused the QE? Getting philosophical here but... is the current generation getting greedy by expecting all the help during a hard time when it's possibly at the expense of future generations? I suppose this at least is the level im trying to think on. I understand that there are basic laws that govern inflation but I suppose I really want to align with a view that really leads into the behavioural aspects of economics.

by rocky43 1 week ago

There needed to be support/incentive to keep businesses closed for months/years instead of working like normal. It was necessary to keep the economy from crashing and people from starving.

by Anonymous 1 week ago

Empirical evidence strongly suggests QE doesn't impact inflation at all. QE1-3 had no impact. It also had no impact on Japan's deflation.

by Anonymous 1 week ago

Inflation has varied causes.

by Milford27 1 week ago

No one works for free. If your boss offered you more money would you turn it down so you don't come off as greedy?

by Anonymous 1 week ago

What's that have to do with inflation?

by hagenesandreane 1 week ago

No you wouldn't. But isn't the reality around the world that workers are getting payrises finally to keep up with inflation. (I'm in australia) where in the world is inflation being put down to worker pay rises rather than profiteering but execs and shareholders?

by rocky43 1 week ago

Anyone with a 401k is a shareholder. Yes, there is greed, but it's more complicated than "the execs are just robbing us blind"

by Anonymous 1 week ago

Yeah, government greed, inflation is the highest flat tax that the government can get away with.

by Equivalent_Olive_132 1 week ago

It's only greed if you don't think companies deserve to maintain their relative profit margins.

by Anonymous 1 week ago

Covid was the greatest inflation bonanza in U.S. history. Absolutely everybody who sells anything at all used it as an excuse to jack up prices. Everybody.

by lemkesincere 1 week ago

Greed is a feature of a market economy. Businesses are always greedy, consumers are always greedy, employers and employees are always greedy. It's the power behind supply and demand. If something changed and inflation is suddenly higher, greed isn't the thing that changed. Everybody was already greedy before. Something else changed, and people who talk about inflation are trying to identify what that is.

by Plus-Sherbert 1 week ago

We already have an economic statistic called the greed vs fear index.

by Anonymous 1 week ago

Businesses are making record profits while intentionally running skeleton crews. Don't fall for the conservative gaslighting.

by qfriesen 1 week ago

Not all inflation is caused by greed. Price setting, however, is. Which is whats happening right now. And it's illegal. Does that seem to matter? Nope.

by hagenesandreane 1 week ago

There is no such thing as greed... greed is a moral issue that no two people have exactly the same definition for.

by OperationOk 1 week ago

Inflation is a product of government greed

by Glad-Quit 1 week ago