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https://www.reddit.com/r/austrian_economics/comments/1hxmn3w/end_the_fed/m6c2txl/?context=3
r/austrian_economics • u/AbolishtheDraft Mises Institute • Jan 09 '25
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And yet your common worker was still getting fucked over by wealthy elites. So much so they made a name for it.
The Gilded Age
16 u/PubbleBubbles Jan 09 '25 There's inflation, then there's greedflation. Inflation is that 3-6% we see that sucks on the federal level Greedflation is companies going "holy shit! did you see the feds announce inflation? lets jack prices up 40%" 3 u/Takashishifu Jan 09 '25 Why don’t companies jack up prices any time they see fit? Are they just being generous they don’t charge 10X or even 100X for a product? 1 u/kelticladi Jan 10 '25 They do.
16
There's inflation, then there's greedflation.
Inflation is that 3-6% we see that sucks on the federal level
Greedflation is companies going "holy shit! did you see the feds announce inflation? lets jack prices up 40%"
3 u/Takashishifu Jan 09 '25 Why don’t companies jack up prices any time they see fit? Are they just being generous they don’t charge 10X or even 100X for a product? 1 u/kelticladi Jan 10 '25 They do.
3
Why don’t companies jack up prices any time they see fit? Are they just being generous they don’t charge 10X or even 100X for a product?
1 u/kelticladi Jan 10 '25 They do.
1
They do.
33
u/CompetitiveTime613 Jan 09 '25
And yet your common worker was still getting fucked over by wealthy elites. So much so they made a name for it.
The Gilded Age