@rbreich Greedflation is a myth. In a fiat currency system the amount of dollars in circulation is inversely proportional to the purchasing power of each individual dollar. Even though the percentage of inflation is down that only measures how fast dollars are being added to circulation, not how much dollars total are in circulation. Money is subject to the law of supply and demand just like everything else, so the real reason things are more expensive now is that the dollar simply is worth less than it was in the past.
@rbreich
Lots of greed in the rental market as well. When Donnie was in office real estate was being bought and sold like hotcakes. And each time a rental property gets sold, the rent goes up. And the quality of life goes down...
@rbreich So we have a term that doesn’t accurately describe what is happening. I challenge the “economists” to develop new terms that take into account the wide differences in wealth and the way profits vs personal income and wages are so unrelated.