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by willcipriano 1560 days ago
> (corporate induced) inflation

Why did the corporations wait for the government to print tons of money to decide collectively to raise prices?

3 comments

You say "government prints tons of money" like that goes to the people and not to the corporations.

See, inflation would not be a problem if wages kept up with rising prices. But they do not? Why? Because profit and stock buybacks. Corporation are not paying you a fair wage based on the cheapness of the money they can get from the fed. Instead of keeping profit stable they aim at not raising your salary and keeping that profit so their company looks better and their stock price goes up.

I guess you still believe in trickle down economics?

Did you notice there was a multi-year pandemic that destroyed supply chains and greatly increased labor costs?

The causality is not as simple as “governments printing money -> inflation”.

Yes, this time it's a stuff shortage, not an oversupply of money. But the central bank still wants to raise rates, which is silly. The current prices and shortages are a result of longstanding policy, just not monetary policy.
When did the governments stop printing tons of money?