dx1 , 1 year ago

Occam’s razor says the more simple/plausible explanation, that a huge increase in the monetary supply causing higher prices through supply and demand, is about a thousand times more plausible than tens of thousands of corporations simultaneously deciding to coordinate to fix prices despite that it’s in each of their best interests individually to break with that scheme. With no actual evidence of a concerted attempt across the entire economy to fix prices (not to be confused with a couple corporations having board meetings where someone bragged about raising prices).

Or, in simple terms - it’s not that every single other good in the entire economy has suddenly become worth more as the result of some overarching conspiracy. It’s that they printed a bunch of money and it’s now worth less.

I would recommend anyone who still believes the “greedflation” thing spends an hour reading some articles critical of the theory. Not really looking for a debate about it tbh.