Objection ,
@Objection@lemmy.ml avatar

There’s a lot of talk about inflation and its causes. Is it corporate greed?

Yes

One clear base cause of inflation less talked about is having an inflationary currency supply. Any other inflation caused by supply chain issues, corporate greed, lack of market competition, etc is just added on top of that.

In the sense of you add a million to two, the "base" is two and the million is "just added on top of that," sure. Monopolization and price gouging are by far the larger factors.

How is that the case? Shouldn’t it cost less? Where is that “extra efficiency” going if not to lower prices? The answer:

Corporate pockets.

Poor people live hand to mouth, so their net wealth is not impacted much, but inflationary currency prevents them from saving and “moving up”.

Complete nonsense. And extra 2% interest is not the root cause of poverty. You actually missed the real way in which inflation can hurt the poor which is when corporations don't increase wages with inflation, which is effectively a pay cut. This is a form of class warfare which they are able to do because they are more powerful and better organized, as a class, than labor is.

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