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To: Openurmind

During inflationary periods everybody accuses everyone else of greed.

What is actually happening is that all players are terrified about future inflation and are trying to price accordingly—it is a defensive strategy.


16 posted on 03/15/2022 7:53:49 AM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: cgbg

I am an honest and fair businessman. If my costs only go up 10% I only raise my prices 10%. Anything other is pure greedy opportunism, price fixing, and taking advantage of customers.

Period...


23 posted on 03/15/2022 8:28:10 AM PDT by Openurmind (The ultimate test of a moral society is the kind of world it leaves to its children. ~ D. Bonhoeffer)
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