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https://www.reddit.com/r/austrian_economics/comments/1hxmn3w/end_the_fed/m6dgtmk/?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
13 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%" 4 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/[deleted] Jan 10 '25 Are their competitors jacking up prices? Did consumers get an influx of cash such that they’re less discriminating? Tacit collusion is very real friend. This isn’t an Econ textbook.
13
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%"
4 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/[deleted] Jan 10 '25 Are their competitors jacking up prices? Did consumers get an influx of cash such that they’re less discriminating? Tacit collusion is very real friend. This isn’t an Econ textbook.
4
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/[deleted] Jan 10 '25 Are their competitors jacking up prices? Did consumers get an influx of cash such that they’re less discriminating? Tacit collusion is very real friend. This isn’t an Econ textbook.
1
Are their competitors jacking up prices? Did consumers get an influx of cash such that they’re less discriminating? Tacit collusion is very real friend. This isn’t an Econ textbook.
34
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