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Purgid @lemmy.world
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[HN] “Greedflation” is a nonsense idea
  • Oh, shocking, the Economist is defending late stage capitalism.

    This article is bullcrap, and the best explanation for inflation continues to be a mix of current supply shocks and expectations of future inflation, which allows producers to raise costs because consumers are anticipating that costs will raise.

    Everything else is a guess. There is NO economic consensus on why inflation comes in surges.