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by smeagull 778 days ago
It's not greed that has varied. It was an inflationary shock. Greed explains why it hasn't gone back down once the shocks are gone. It's basically price collusion - nobody wants to be the first to decrease prices, so nobody does.

Before the inflation, there wasn't an opportunity to collude in this manner.

1 comments

> Before the inflation

The time before inflation? When was that? The middle ages?

> an inflationary shock

There has been a recent marked increase in inflation. That is the inflation I refer to.

Learn to read maybe.