this post was submitted on 21 Apr 2024
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[–] [email protected] -1 points 7 months ago

When you have cheap money (low interest rates), fractional reserve banking, and a government borrowing trillions of dollars, you inflate the amount of currency units being injected into the system. The more currency you have chasing the same amount of goods, the higher prices go.

There's definitely an element of greed as they will take advantage in certain areas but the underlying issue of inflation is those that I mentioned above.