idiocracy beyond belief.
have none of you economic total incompetents ever worked for a business?
goods and services providers will charge as much as the can before less demand, ie sales volume losses due to price, exceed the gains of higher margins.
if you're talking purely discretionary items that one might want, but doesn't actually need, that comes much quicker than on necessities like housing and food and transportation and healthcare/pharma.
and comes much quicker for goods and services that face strong market competition than those that don't.
decades of market consolidation, (monopolization), of the major industries, including the food industries, has gutted market competition, as has collective ownership/control by mega funds of industries we like to think of as "competitive", but who's ownership is controlled by the same entities, so aren't going to compete on price and quality, but rather collude on price and quality, because they can.
the Fed has some influence over job growth, which they manipulate with interest rates, but little to none over consumer goods and services pricing.
the anti trust division of DOJ and regulatory agencies are what have that ability, (not the Fed), and both have effectively been shut down by Wall St's takeover of govt.
outside covid subsidies which were a one off to offset the shut down of the economy due to covid, virtually zero of Fed money ever made it to Joe Worker/Consumer.
those covid subsidies only tried to make whole Joe Worker and offset his losses, so as a whole didn't add anything to the money supply circulating in the "real" economy, once you factor in the wage/sales losses as well, due to the economy shutting down and slowing. (even though some made out better while others made out far worse).
the only place Fed money printing has significantly increased the money supply circulating is in the financial markets, where it absolutely did inflate prices, but that money never left the containment of the financial markets, so only affected the price of assets within the markets themselves.
90% of the covid/post covid PRICE GOUGING has been due to lack of market competition due to decades of industry and ownership consolidation, (and the capture of regulatory agencies), and said industries using the false excuse of covid and supply chains as cover for price increases that were done simply to increase margin, because there were essentially no longer any effective market forces stopping them from doing so.
of course Wall Street's media PR arms are never going to tell you that, because they are Wall St's media PR arms. DUH! (which is now literally ALL media of scale).
nor is anyone on social media there to shill for Wall St, who will lie their asses off all day every day to bury that truth.
it's not personal. it's just business.
