The fed does have a say in doubling the money supply. That’s the real source of inflation.
Comment on Inflation?
Viking_Hippie@lemmy.world 3 weeks agoI think the bigger issue is the Federal Reserve
And you would be wrong and using a far right talking point.
The federal reserve has no say on how much corporations charge for their goods and what they consider acceptable profit margins.
An oversupply of money CAN cause a certain amount of inflation, but it’s almost nothing compared to corporate profiteering.
Knock_Knock_Lemmy_In@lemmy.world 3 weeks ago
Viking_Hippie@lemmy.world 3 weeks ago
That’s a St Louis Fed overview of savings accounts 🤦
Get out of here with that bullshit
Knock_Knock_Lemmy_In@lemmy.world 3 weeks ago
Way to factual for a shitpost.
LibreHans@lemmy.world 3 weeks ago
lol. The Fed devalues your money, of course that leads to rising prices.
Viking_Hippie@lemmy.world 3 weeks ago
Nowhere near as much as price gouging does. The people selling wares decide the price of them regardless of the money supply, which is mostly meaningless in a predominantly digital economy.
The fed affects the interest rate, which has an indirect effect on prices, but the ones actually deciding what to charge for food, rent, or utilities are the final arbiters artificially increasing prices higher than they need to in order to maximize profits.
LibreHans@lemmy.world 3 weeks ago
Which company do you think is price gouging?
Viking_Hippie@lemmy.world 3 weeks ago
Just off the top of my head, some major ones are Walmart, Tyson, Perdue, At&T, Verizon, PG&E and many, many more.