Comment by eatsyourtacos | Hacker News Reader

Comment by eatsyourtacos | Hacker News Reader

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>Not one mention that inflation is caused by the government and central banks expanding the money supply.

The recent inflation is more because of unfettered capitalism. Supply chain issues? Ok let's just keep on raising prices as much as we can. Things back under control? Ok, well we are still going to claim we have issues and just keep on raising prices.

Workers want more money? Ok instead of us shareholders taking the hit, we are going to pass on every bit of that (and more) to the consumer because "we can".

Want to go to a football game? A concert? Disney world? Cool- we are just going to keep increasing prices like crazy because there is a large enough people in the top 10% that will pay because that increase doesn't really matter.

Prices are being driven the fuck up because of greed and income divide.

Central Banks have allowed for the creation of tens of trillions of dollars / euro into a bases that were only in the tens of trillions.

That glut of new money took a flight to quality in banks and things like tech companies. Such firms, and all the people that contract with them or are employed by them as downstream from this money thus had a warped cost to capital compared to everyone else.

It wouldn’t make sense to operate a business and not choose the customer who can support a higher price point over the lower one with an identical cost, and with such a large delta, increasing margin as a matter of price increase made fundamentally more sense than investing in cost reductions.

The fact is that Central Banks had the largest role to play here assuming that choosing to make more money over less money by simply raising prices is not inherently evil.

Imo it's bc of monopoly. Imagine a world where there sre thousands of processor manufacturers, not just tsmc, samsung and ~5 more at best

> Not one mention that inflation is caused by the government and central banks expanding the money supply.

> Prices are being driven the fuck up because of greed and income divide.

Maybe...it's both? Could it actually be that the government and central banks collude to prop up the housing and stock markets and print money (through debt creation) in order to make sure that the upper quintile keeps getting paid and the reset squabble about it?

That is not a plausible explanation. Capitalists were no less greedy 10 years ago. So, something else must have changed.

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