this post was submitted on 05 Oct 2023
984 points (92.8% liked)
Memes
45889 readers
1143 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Not to poopoo your point too much but inflation only happened after covid because a recent war gave justification for greedflation. You can't really argue money is losing value when CEOs are raking in record profits during an economic downturn.
It happened because a large number of people had a pool of unspent money, some/much of which was the stimulus packages, who were competing for similar goods such as housing.