Could there be so many rich people hoarding so much money that just by their value they actually have weaked currency and created inflation?

  • slazer2au@lemmy.world
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    1 day ago

    Inflation happens when demand for something goes up, and/or cost of production goes up

    You forgot the other way inflation happens. Corporate Greed.
    Increasing prices of products to generate more money even though nothing else has changed.

    • GreenShimada@lemmy.world
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      12 hours ago

      Right, so I’m talking about real inflation. What you’re talking about would be fraud. The way companies commit this fraud is by leaning on the "well, prices of manufacturing went up! Won’t you think of the shareholders?!?! 😭 😭 😭 😭 😭 😭 😭 😭 😭 " But the input price data is generally seen as proprietary data, so it’s not public shareholder data.

      Still fuckin’ fraud, though. It also takes coordination and collusion, which is price-fixing, and is illegal.