Wrong, only the Federal Reserve can make inflation, and that’s a result of “over-printing” and the resulting over-surplus of Fiat money. The article is merely tallying the large percentage of people in the USA who don’t know this using a poll. We already know that the Left, or 1/3 of the nation knows ZERO about Economics. We see this every single day in the Economics section of Reddit.
If you have record profits and record salaries, they came from record cost cuts or record price increases. I have yet to see any articles about record cost cuts.
LOL the dem blame game continues.
Some corporations may be to blame for excessively higher prices, but they’re incapable of causing inflation and people suggesting otherwise almost certainly have an agenda.
Headline could also read
“More Americans now have no idea how monetary and fiscal policy impacts inflation. Choose to blame corporations as the boogy man instead of doing actual critical thinking”
I love some of the responses here. Any blame to the corporations is “sheer ignorance of the left” according to the self-titled economists here. Funny how I see the right hating on corporations just as often as the left, but sure, it’s just the left that exaggerate things.
There can be little doubt that corporations took advantage of inflation. They said they HAD to raise prices because of COVID, because demand was down, because their factories were shut down, because gas prices had skyrocketed, and because of all the supply chain issues. Those issues have either been mitigated or removed entirely. Meanwhile they have applauded themselves for their record profits quarter after quarter. Here we are all this time later and even with those issues mitigated, prices have either stayed mostly stagnant or in some cases continue to rise. You really think that has nothing to do with corporate greed?
Hell, those who blame the US government, there are things outside of their control. If this was all Biden or “the left”, you wouldn’t be seeing other countries combatting inflation. It’s no different than the whole gas prices argument last year. If gas prices are up in both the US and in Europe, can you really put it on the US President? No.
The same applies to Trumps record low gas prices. That had nothing to do with him. COVID killed demand and prices plummeted. If no one was driving to work, factories were shut down, people weren’t flying, and people weren’t taking cruises, what do you think happens to gas prices? Supply and demand folks, not Donald Trump, no matter how much credit he tries to take.
6 comments
Wrong, only the Federal Reserve can make inflation, and that’s a result of “over-printing” and the resulting over-surplus of Fiat money. The article is merely tallying the large percentage of people in the USA who don’t know this using a poll. We already know that the Left, or 1/3 of the nation knows ZERO about Economics. We see this every single day in the Economics section of Reddit.
If you have record profits and record salaries, they came from record cost cuts or record price increases. I have yet to see any articles about record cost cuts.
LOL the dem blame game continues.
Some corporations may be to blame for excessively higher prices, but they’re incapable of causing inflation and people suggesting otherwise almost certainly have an agenda.
Headline could also read
“More Americans now have no idea how monetary and fiscal policy impacts inflation. Choose to blame corporations as the boogy man instead of doing actual critical thinking”
I love some of the responses here. Any blame to the corporations is “sheer ignorance of the left” according to the self-titled economists here. Funny how I see the right hating on corporations just as often as the left, but sure, it’s just the left that exaggerate things.
There can be little doubt that corporations took advantage of inflation. They said they HAD to raise prices because of COVID, because demand was down, because their factories were shut down, because gas prices had skyrocketed, and because of all the supply chain issues. Those issues have either been mitigated or removed entirely. Meanwhile they have applauded themselves for their record profits quarter after quarter. Here we are all this time later and even with those issues mitigated, prices have either stayed mostly stagnant or in some cases continue to rise. You really think that has nothing to do with corporate greed?
Hell, those who blame the US government, there are things outside of their control. If this was all Biden or “the left”, you wouldn’t be seeing other countries combatting inflation. It’s no different than the whole gas prices argument last year. If gas prices are up in both the US and in Europe, can you really put it on the US President? No.
The same applies to Trumps record low gas prices. That had nothing to do with him. COVID killed demand and prices plummeted. If no one was driving to work, factories were shut down, people weren’t flying, and people weren’t taking cruises, what do you think happens to gas prices? Supply and demand folks, not Donald Trump, no matter how much credit he tries to take.