Comment on Inflation?
Viking_Hippie@lemmy.world 10 months agoNowhere 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 10 months ago
Which company do you think is price gouging?
Viking_Hippie@lemmy.world 10 months 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 10 months ago
Go look up their net profit margins, they are going sideways.
Viking_Hippie@lemmy.world 10 months ago
Yeah, those numbers are what’s left AFTER they’ve done a bunch of creative accounting to avoid taxes. Their ACTUAL profit margins are significantly larger and growing.