Quote:
Originally Posted by rustyp
Supply and demand works very well when both sides are on an even playing field. But when the field becomes lopsided as in a monopoly a few have too much power and can manipulate either supply or demand.
Pay attention near video end of who gets hurt the worse by inflation.
Wolff Responds: Why We Have Inflation Now - YouTube |
Are you, or Wolff talking about quantitative easing, which btw, the last two Presidents used, and yet the GDP never got over 2.9% for either one of them? I'm sure there are businesses that jack up prices to make up for last year. I refuse to support those businesses, as we all took a hit, except for the billionaires, who actually made more billions from the pandemic. Too much money in the hands of the few creates an Oligarchy, which we now have.