It’s crazy that we don’t have laws to control price spikes. I mean it’s clear companies will take advantage of people unless there is regulation to curb their activity.

Inflation was made 2x worse by greedflation and is adding to the current economic uncertainty.

It’s time to grab us some lobbyists and hit Washington with this data and our collective nagging.

Maybe enough letters and lobbyists will get some price control passed.

by Wise_Stock_8168

9 comments

  1. Businesses are profit maximizers? What a breakthrough in economics! And before you judge, when’s the last time you accepted a lower offer on an item you posted to Facebook Marketplace over a higher one (all else constant)?

    So, we not gonna look at money supply at all? Due to the monetary and fiscal stimulus under both the Trump and Biden administrations that led to the largest wealth transfer to the upper class in history, money poured into the upper class through stimulus that drove up the price of assets owned mostly by the wealthy.

    If a business can charge more, it will charge more. But now we have bifurcation in the economy where they already know you’re broke, so they’re chasing the upper class and raising prices, and if you happen to be willing to pay more, that’s okay by them too.

  2. Pay up bitches. It’s the great extraction period. You have too much money. Jerome Powel said so.

  3. The irony of Progressives wanting Price Controls is that Republicans tried this and it failed (Nixon).

    At a certain point, I suspect that Price Controls will be implemented and we will all discover that markets are complex systems and mechanistic interventions in these systems inevitably generate unintended consequences.

  4. It’s almost as if corporations used to have scruples. We know they don’t now. Especially the food companies. It’s blatant and they don’t care.

  6. This is propaganda. The expansion of the money supply is the main contributing factor to inflation full stop.

    Dont be a sheep.

  7. Don’t worry , more than 300K highly paid software developers are fired from big tech companies and the number is increasing.. When companies realize that people can not afford their products anymore they will reduce their prices .

    This is how fed increasing their rates to cool off inflation works.. the idea is that since money in circulation is reduced , companies stop hiring or start firing , people can not spend as much , prices of goods go down.. the only thing is that if it doesn’t go down you get into a recession.

    Over spending during Covid , military aids , social aids ect.. all piled up, Fed increasing the rates didn’t work.. now we are in Recession. No one want’s to call it that because it will hurt the stock market and their bonuses.

  8. Businesses have always tried to maximize profits…that isnt new. So lets look at things that changed during the time period that may be the main factor.

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