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submitted 2 years ago by yogthos@lemmy.ml to c/usa@lemmy.ml
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[-] hexi@hexbear.net 6 points 2 years ago* (last edited 2 years ago)

the projects they invest into aren't resulting into wealth being generated by the working class.

Irrelevant, because I never claimed it did. I only said that money ends up competing for labor and other resources.

If they could just raise prices, they would have done it before. So why didn't they?

Because what actually changed was an increase to the money supply.

[-] yogthos@lemmy.ml -3 points 2 years ago

Again, they have raised prices before. Inflation didn't just start yesterday. I'm really not following the argument you're trying to make here. You still haven't actually explained the causal chain between the increase in money supply and inflation, nor have you provided any counter argument to my point which provides a clear and direct explanation of what's happening.

this post was submitted on 22 Aug 2023
124 points (91.9% liked)

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