Lack of antitrust enforcement is rewriting traditional economic theories.
Is ‘Greedflation’ Rewriting Economics, or Do Old Rules Still Apply?
https://www.nytimes.com/2022/06/03/business/economy/price-go…
Economists and politicians are debating whether monopolistic companies are fueling inflation in ways that confound longstanding theory.
What do you expect when everyone is “bought & paid for”.
intercst
What do you expect when everyone is “bought & paid for”.
What do you expect when the media hype and hysteria parade grooms people to accept rapidly escalating prices?
Steve
Economists? The FED. Politicians? Congress.
I guess blaming someone else about now would help.
The FED printed too much paper. That is not new in econ.
We are getting a big movement in econ. There are winners and losers. Most people will win in the long run.