This isn’t wage-price inflation, it’s greedflation – and big companies are to blame https://www.theguardian.com/commentisfree/2023/apr/19/wage-price-inflation-greedflation-pay-cost-of-living?CMP=Share_iOSApp_Other
This isn’t wage-price inflation, it’s greedflation – and big companies are to blame

British ministers seem keen to avoid what the data tells us, says the Guardian’s economics editor, Larry Elliott

The Guardian

@Ally_SMMiller Some of it is that money is promises. Our government are liars, thieves and incompetents. Therefore other people do not believe our promises will be redeemed so much as they used to. So our promises ("The Bank of England promises to pay the Bearer ...") are accepted at a discount against other peoples' promises: inflation.

#abstracted #fungible #serialised etc #promises