Harvard Business School: Why Companies Raise Their Prices: Because They Can

Originally posted by: Charles

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So businesses try to maximize profits?  Yes that's shocking.  To anyone who never read a beginning economics text since Wealth of Nations.

 

Now, to blame inflation on that well known fact is another story entirely.  People who actually have read a beginning economics text would understand that Inflation is 'always and everywhere a monetary phenomena'.  

 

Are you arguing that corporations just got greedy, began price gouging and caused inflation during the current administration....because 'they could'....but of course they couldn't during Trump, Obama, Bush and Clinton?  

 

Or maybe you're arguing that Turkey's 80% inflation rate or Argentina's 71% rate is because their businesses are just greedier than ours.  

 

What's the socialist solution to inflation alledgely caused by greedy businesses?  Wage and Price controls?  Centralized economic planning? Government takeover of major industries?  Increase taxes and spending?  That's the ticket.  The ticket to  Argentina.

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Originally posted by: Boilerman

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I find the Liberal hypocrisy to be atrocious, and that's my bitch.  All of you guys gouge, yet you complain when others do the same.

 

Any of you which has sold a car or house recently, or if you would have sold a car or house recently, you gouged or you would have gouged if in the sellers market.  Why, because you can. 

 

This is so Liberal of you guys.

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Originally posted by: Charles

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So businesses try to maximize profits?  Yes that's shocking.  To anyone who never read a beginning economics text since Wealth of Nations.

 

Now, to blame inflation on that well known fact is another story entirely.  People who actually have read a beginning economics text would understand that Inflation is 'always and everywhere a monetary phenomena'.  

 

Are you arguing that corporations just got greedy, began price gouging and caused inflation during the current administration....because 'they could'....but of course they couldn't during Trump, Obama, Bush and Clinton?  

 

Or maybe you're arguing that Turkey's 80% inflation rate or Argentina's 71% rate is because their businesses are just greedier than ours.  

 

What's the socialist solution to inflation alledgely caused by greedy businesses?  Wage and Price controls?  Centralized economic planning? Government takeover of major industries?  Increase taxes and spending?  That's the ticket.  The ticket to  Argentina.

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