Comment on Inflation?
Viking_Hippie@lemmy.world 3 weeks 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 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.
LibreHans@lemmy.world 3 weeks ago
Go look up their net profit margins, they are going sideways.
Viking_Hippie@lemmy.world 3 weeks 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.