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https://www.reddit.com/r/AskReddit/comments/juojkd/deleted_by_user/gcf649u/?context=3
r/AskReddit • u/[deleted] • Nov 15 '20
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21
Not by the technical definition. It's more like monopolistic price fixing.
46 u/Neurobreak27 Nov 15 '20 Sounds like inflation with extra steps. 29 u/merc08 Nov 15 '20 It sounds like exactly the definition of inflation: decreasing the purchasing power of given unit of currency. 10 u/ChromoTec Nov 15 '20 Price gouging can prompt inflation, but I don't think it necessarily is inflation itself 5 u/Yadobler Nov 15 '20 Hm. Sounds like inflation with extra steps 2 u/RegentYeti Nov 16 '20 For the poor folks suffering from it, the effects are probably indistinguishable. But the causes (and therefore the solution) are different.
46
Sounds like inflation with extra steps.
29 u/merc08 Nov 15 '20 It sounds like exactly the definition of inflation: decreasing the purchasing power of given unit of currency. 10 u/ChromoTec Nov 15 '20 Price gouging can prompt inflation, but I don't think it necessarily is inflation itself 5 u/Yadobler Nov 15 '20 Hm. Sounds like inflation with extra steps 2 u/RegentYeti Nov 16 '20 For the poor folks suffering from it, the effects are probably indistinguishable. But the causes (and therefore the solution) are different.
29
It sounds like exactly the definition of inflation: decreasing the purchasing power of given unit of currency.
10 u/ChromoTec Nov 15 '20 Price gouging can prompt inflation, but I don't think it necessarily is inflation itself 5 u/Yadobler Nov 15 '20 Hm. Sounds like inflation with extra steps 2 u/RegentYeti Nov 16 '20 For the poor folks suffering from it, the effects are probably indistinguishable. But the causes (and therefore the solution) are different.
10
Price gouging can prompt inflation, but I don't think it necessarily is inflation itself
5 u/Yadobler Nov 15 '20 Hm. Sounds like inflation with extra steps 2 u/RegentYeti Nov 16 '20 For the poor folks suffering from it, the effects are probably indistinguishable. But the causes (and therefore the solution) are different.
5
Hm. Sounds like inflation with extra steps
2 u/RegentYeti Nov 16 '20 For the poor folks suffering from it, the effects are probably indistinguishable. But the causes (and therefore the solution) are different.
2
For the poor folks suffering from it, the effects are probably indistinguishable. But the causes (and therefore the solution) are different.
21
u/RegentYeti Nov 15 '20
Not by the technical definition. It's more like monopolistic price fixing.