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patphil

(7,118 posts)

4. Greedflation is an accurate way to characterize it.

Reply to Lonestarblue (Reply #1)

Fri Dec 13, 2024, 11:27 AM

Dec 13

Don't expect Trump to step in and force companies to cut prices to remedy this.
Companies will just become instant political donors to protect their profit margins.

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Business took 30% price increases since 2020 and Biden got the blame. See the graphs at link. Astounding. [View all] nature-lover Dec 13 OP

The economist Joseph Stiglitz calls these inflationary spikes greedflation. He is correct. Lonestarblue Dec 13 #1

Greedflation is an accurate way to characterize it. patphil Dec 13 #4

Greedflation, Shrinkflation and Less For Way More Clouds Passing Dec 13 #2

Oligarchs know how to manipulate the electorate. Hermit-The-Prog Dec 13 #3

The super rich don't think they are rich enough and enjoy fucking the middle class so they would blame.... Botany Dec 13 #5

I know this comment will not be popular here but...Biden should have done something about it. Escurumbele Dec 13 #6

Oh well. The party-size bags of Cool Ranch Doritos are still a great Mike 03 Dec 13 #7