• Viking_Hippie@lemmy.world
      link
      fedilink
      arrow-up
      8
      arrow-down
      5
      ·
      2 months ago

      Nowhere near as much as price gouging does. The people selling wares decide the price of them regardless of the money supply, which is mostly meaningless in a predominantly digital economy.

      The fed affects the interest rate, which has an indirect effect on prices, but the ones actually deciding what to charge for food, rent, or utilities are the final arbiters artificially increasing prices higher than they need to in order to maximize profits.

        • Viking_Hippie@lemmy.world
          link
          fedilink
          arrow-up
          6
          arrow-down
          1
          ·
          edit-2
          2 months ago

          Just off the top of my head, some major ones are Walmart, Tyson, Perdue, At&T, Verizon, PG&E and there’s many, many more.

            • Viking_Hippie@lemmy.world
              link
              fedilink
              arrow-up
              3
              arrow-down
              1
              ·
              edit-2
              2 months ago

              Yeah, those numbers are what’s left AFTER they’ve done a bunch of creative accounting to avoid taxes.

              Their ACTUAL profit margins are significantly larger and growing.

              • LibreHans@lemmy.world
                link
                fedilink
                arrow-up
                2
                arrow-down
                3
                ·
                2 months ago

                Their ACTUAL profit margins are significantly larger and growing.

                Their gross profits are up because money is worth less because of inflation. The purchasing power of those “growing” profits has basically not changed.

                • Viking_Hippie@lemmy.world
                  link
                  fedilink
                  arrow-up
                  3
                  arrow-down
                  2
                  ·
                  2 months ago

                  That’s just not true. And since this is the point where it’s clear that you’ll just keep repeating the same piece of misguided conservative orthodoxy over and over again, I’m gonna leave you to it.