this post was submitted on 05 Apr 2024
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Inflation or price gouging?
Inflation, price gouging is the boogeyman they use to pretend someone else is doing it.
Sure you don't have that backwards. Deliberate steps are being taken to push inflation down.
I think CableMonster might be in the neoclassical economics camp, which insists that “inflation” is definitionally “money creation,” that they’re essentially synonyms. They refuse to entertain any other possible explanations for a rise in prices, and that’s why price gouging can’t be a component of inflation and therefore must be a boogeyman.
Im going to risk it and see what their reasoning is.
Strongly believe I would disagree with them as I literally tutor this topic at university level, but let's see.