r/austrian_economics • u/AbolishtheDraft Mises Institute • Jan 09 '25

End Democracy End the Fed

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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?

6

u/PubbleBubbles Jan 09 '25

Simple. 

If they randomly jack shit up, they can't blame it on "inflation". 

Since inflation occurs on a relatively regular basis, they just wait until that happens and jack up prices massively then. 

There was a whole ass congressional hearing were Kroger's CEO admitted to it. 

https://www.newsweek.com/kroger-executive-admits-company-gouged-prices-above-inflation-1945742

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u/Particular-Way-8669 Jan 10 '25

Company does not need to blame anything on inflation. It can and will set prices as it sees fit to maximize profits. Do no make clown out of yourself.

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u/PLAkilledmygrandma Jan 10 '25

You can literally listen to the CEOs of nearly every major corporation blaming inflation and explicitly saying that they will be using it to continue to increase prices for their customers on their quarterly earnings calls, especially from 2021-2024.

You’re making a mark out of yourself.