Comment on Inflation?
LibreHans@lemmy.world 2 years agolol. The Fed devalues your money, of course that leads to rising prices.
Comment on Inflation?
LibreHans@lemmy.world 2 years agolol. The Fed devalues your money, of course that leads to rising prices.
Viking_Hippie@lemmy.world 2 years 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 2 years ago
Which company do you think is price gouging?
Viking_Hippie@lemmy.world 2 years ago
Just off the top of my head, some major ones are Walmart, Tyson, Perdue, At&T, Verizon, PG&E and many, many more.
LibreHans@lemmy.world 2 years ago
Go look up their net profit margins, they are going sideways.