Comment on Isn't Greedflatiin just inflation with different people profitting?

Alimentar@lemmy.world ⁨1⁩ ⁨year⁩ ago

Inflation is the devaluation of the currency. The definition has been muddied for a time now but ultimately inflation refers to the expansion of the money supply.

As people borrow more and governments print more, prices would increase. Not because those items have more value but because the money has lost its value needing more of it to pay for the same stuff.

If tomorrow everyone’s wages would double. Prices would double as demand would increase as the market balances itself out.

Greedflation is a term that shifts that narrative. You could argue that yes there are bad actors for sure. But the term greedflation is redefining inflation, making you focus more on corporations instead of the main contributor, an expanding money supply.

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