[kevinfat]

I often hear the interest rates yielded this result of massive inflation or massive recession. But I'm not sure I believe that. I'm not convinced that the 0% interest rates lead to the massive inflation. So a non-mainstream economist Richard D. Wolff asked the elephant in the room question which no one seems to be asking which is to point out that we don't know how much of the price increases is simply due to companies just wanting to make more profit. And his point is how do you rule out that companies increased prices just for more profit irregardless of what the interest rates are?

[karmakurtisaani]

That's a very good point. I don't have any data, but I feel like many industries have been consolidated into the hands of few companies since the crisis of 2008. Now they all can raise prices together using inflation as an excuse.

See the big oil and its record profits last year for an example.

[Super_Jambo]

Much easier for that consolidation to come about when those doing it are near the exit chute from the money printer.