Current Events > Do you think that the biggest cause of inflation is the worldwide pandemic?

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CedarPointcp
09/29/22 9:03:54 PM
#1:


what else could it be , mostly?
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ellis123
09/29/22 9:05:11 PM
#2:


No.

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CedarPointcp
09/29/22 9:06:28 PM
#3:


ellis123 posted...
No.
what is it?
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littlebro07
09/29/22 9:08:28 PM
#4:


Companies: *raise prices*
Consumers: *continue buying products at the raised prices*
Companies: *experience record profits*
Companies: wow this inflation is really bad guys

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ScazarMeltex
09/29/22 9:09:49 PM
#5:


Record corporate profits are the cause of inflation.

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ellis123
09/29/22 9:12:45 PM
#6:


CedarPointcp posted...
what is it?
Consolidation of wealth that isn't entering the market causing more money to need to be printed.

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josifrees
09/29/22 9:32:02 PM
#7:


producers Cut supply to drive up prices

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CedarPointcp
09/29/22 10:40:03 PM
#8:


eh ?
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#9
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EmbraceOfDeath
09/29/22 10:49:16 PM
#10:


Sonic fans.

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DarthAragorn
09/29/22 10:51:10 PM
#11:


Conservative policy and corporate greed

(Basically the same thing)

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Squall28
09/29/22 10:53:07 PM
#12:


It's definitely what sparked it all. Corporate greed has always been a thing, and we didn't see 7% and 8% inflation.

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Questionmarktarius
09/30/22 2:47:59 PM
#13:


Squall28 posted...
It's definitely what sparked it all.
not so much pandemic (outside of toilet paper, anyway), but Russia invading Ukraine and the resulting supply shock for petroleum and natural gas.
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averagejoel
09/30/22 3:20:33 PM
#14:


rising prices these past couple years is more like price gouging than inflation

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CedarPointcp
09/30/22 3:21:19 PM
#15:


averagejoel posted...
rising prices these past couple years is more like price gouging than inflation
another poster brought this up in this topic, why didn't companies price gouge nearly as much before in the past?
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Squall28
09/30/22 3:42:25 PM
#16:


Questionmarktarius posted...
not so much pandemic (outside of toilet paper, anyway), but Russia invading Ukraine and the resulting supply shock for petroleum and natural gas.

It was bad before the invasion. The invasion just made it worse.

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Questionmarktarius
09/30/22 3:43:10 PM
#17:


Squall28 posted...
It was bad before the invasion. The invasion just made it worse.
"This kinda sucks" vs "holy shit what the fuck?"
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Squall28
09/30/22 4:06:58 PM
#18:


Questionmarktarius posted...
"This kinda sucks" vs "holy shit what the fuck?"

Inflation for 2021 was 7%. It was already in holy shit what the fuck territory.

Russia invaded Ukraine in 2022. Then inflation jumped to 8.3%. And keep in mind that 8.3% isn't just the war. It still has pandemic built into it along with companies starting to take advantage of the situation to raise prices

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theAteam
09/30/22 4:08:55 PM
#19:


$800 billion of PPP loans that were forgiven didn't help. That's $800 billion just injected straight into the market.

Also interest rates near zero so everyone and their mother just borrowed borrowed borrowed

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ChocoboMogALT
09/30/22 4:16:00 PM
#20:


If this was a question on an Econ 101/102 test, the answer would be:
C) Monetary policy.

Interest rates + supply shock + too much demand, would be a long form answer.

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Southernfatman
09/30/22 4:18:30 PM
#21:


It's greed which is one of if not the biggest reasons why a lot of things are so bad now.

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