Once a fringe theory, “greedflation” gets its due
&quot;Once dismissed as a fringe theory, the idea that corporate thirst for profits drives up inflation, aka &quot;greedflation,&quot; is now being taken more seriously by economists, policymakers and the business press.&quot;<p>Policymakers would like to blame inflation on greedflation. Their syncophants agree with them.<p>What an astonishing coincidence.<p>It&#x27;s amazing how helpless and feckless our poor ol&#x27; policymakers are. Constantly caught out flatfooted and surprised at every turn by how bad things are. Nothing is ever their fault because they&#x27;re just so shocked and surprised by how things are going.<p>One does find oneself wondering what exactly they&#x27;re good for if they&#x27;re so constantly shocked by everything.<p>CTRL-f was sadly missing any mention of &quot;money supply&quot;, &quot;printing&quot;, &quot;interest rates&quot;, &quot;ZIRP&quot;, or, indeed, any policy intervention made, ever, in the history of man, by policymakers. How amazing all the power they have, yet they are a flat 0% responsible. It&#x27;s pretty impressive to be that constantly befuddled and flummuxed, yet have all that power, and never be responsible for anything at all, not even a little. That&#x27;s a pretty impressive combination of attributes.<p>(Bear in mind I&#x27;m open to the possibility that it isn&#x27;t 100% just the money printing, currency supply, policies, etc. The real world is complicated and policymakers aren&#x27;t the only actors by a long shot, no question. But if they&#x27;re truly 0% responsible, fire them, because apparently they&#x27;re not doing anything. 0% responsibility is impossible.)