<
https://doctorow.medium.com/look-at-all-the-great-stuff-we-lost-because-of-inflation-scare-talk-98b98b1ed2fe>
"Call me a conspiratorialist if you must. But when CEOs get on earnings calls
and brag about how covid, war, and scare-stories about inflation let them hike
their prices and rake in never-before-seen profit margins, I think it’s
reasonable to blame inflation on greed, not on workers getting a couple of
relief checks during the lockdown.
Amazingly, this is a controversial position! For more than a year, Very Serious
People have dismissed the greedflation hypothesis — that CEOs aren’t lying when
they boast about using pretexts to hike prices — is a conspiracy theory used to
dupe people who Just Don’t Understand Economics."
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
