[bcassedy]

Of course people are always greedy. The "cover" provided by an inflationary environment just boils down to people are less price elastic when the environment primes them to expect price hikes so those that want to raise prices for greed (profit maximization) can do so to a greater degree than they could in other market conditions. I don't know why you're being so dense, it's really straightforward psychology and there's a fair bit of data to support this.