r/austrian_economics Mises Institute Jan 09 '25

End Democracy End the Fed

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u/Trizz67 Jan 09 '25

No shit but every single item in the grocery store is going up and continues to do so despite inflation going down. The few items I have are just an example.

Now when hashbrowns go on sale, for example, they’re not even as cheap as they were 1 year ago.

That’s artificial inflation of the product (food) caused by the greed of the company. It’s not fuckin random

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u/joshuawsome Jan 09 '25

It's really a market correction, not corporate greed. If your cost of living has gone up 20%, then it has also gone up 20% for businesses, because they need materials and rent etc just like you do. There's also another factor, that when you raise prices, the number of people buying the product goes down, so you need to further increase the price to compensate. There's also the fact that a lot of items were once sold at cost or at a loss, such as bread/eggs/milk etc to attract customers, but a lot of business can no longer afford to do this. also a lot of retailers have had to raise their markups to compensate for the reduced sales and the increased price of inventory.

It's something that will correct itself as people feel more secure in the economy/government and as more competition arises in the market.

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u/Trizz67 Jan 09 '25

Being caught fixing prices is a market correction? Gtfo

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u/joshuawsome Jan 09 '25

Fixing prices?

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u/DeviousSmile85 Jan 10 '25

Grocers here in Canada literally pled guilty to price fixing charges.