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What nonsense is this? The St. Louis Federal Reserve documented most inflation was due to profit seeking (gouging), not QE—that’s right wing libertarian drivel.
by EarthAmbassador 2y ago
What nonsense is this? The St. Louis Federal Reserve documented most inflation was due to profit seeking (gouging), not QE—that’s right wing libertarian drivel.
- dismalaf 2y agoProfit seeking is normal behaviour. The economic system normally keeps it in check through competition. If it's not kept in check it's because of the economic conditions.
- peterpost2 2y agoI've not seen the economic system keeping it in check through competition in my lifetime and I don't think it did historically.