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1. realcaseyrollins (realcaseyrollins@social.teci.world)'s status on Tuesday, 12-Dec-2023 04:50:10 JST realcaseyrollins

   in reply to

   • 🎓 Doc Freemo :jpf: 🇳🇱
   • geekysteven

   @freemo @geekysteven So are record profits a side effect of inflation?

   • 🎓 Doc Freemo :jpf: 🇳🇱 (freemo@qoto.org)'s status on Tuesday, 12-Dec-2023 04:50:11 JST 🎓 Doc Freemo :jpf: 🇳🇱

     • geekysteven

     @realcaseyrollins

     Mostly wrong. Inflation isnt caused by a desire for profits and cant cause that in and of itself. Where they show a hint of truth is it **can** cause inflation in the scenario you have a monopoly. I have mentioned before we need strong monopoly enforcement.

     In fact I already mentioned the inflation was about to happen right before it happened. Anyone who understands economic models knew this was coming and we knew exactly why, and it isnt the large companies.

     We had the entire economy shut down, we were about to have an economic crash. We traded an economic crash for inflation by engaging in Quantitative Easing. Anything other than QE as an excuse for why it is happening is severely disconnected with the reality.

     @geekysteven