This just further enforces my belief that the FTC doesn’t know much about economics. When there’s a high demand and limited supply, prices increase. The increase in retail costs, inflation, is used to limit consumer demand. Of course their profits are going to increase; that’s how economics works. There’s nothing in this report that seems inappropriate.
I think they’d have better luck attacking the CEOs who are pocketing increasingly inflated salaries and bonuses.
This comment just enforces the belief that you don’t understand the economy. A temporary small bump in cost during covid due to supply chain issues would be a supply and demand issue but if you’ve noticed, the bump was not small and it has continued ever since.
You don’t get to make record profits and then blame prices on the pandemic. If it was solely due to natural inflation, profits would be similar to past years.
I appreciate the link to the report.
This just further enforces my belief that the FTC doesn’t know much about economics. When there’s a high demand and limited supply, prices increase. The increase in retail costs, inflation, is used to limit consumer demand. Of course their profits are going to increase; that’s how economics works. There’s nothing in this report that seems inappropriate.
I think they’d have better luck attacking the CEOs who are pocketing increasingly inflated salaries and bonuses.
This comment just enforces the belief that you don’t understand the economy. A temporary small bump in cost during covid due to supply chain issues would be a supply and demand issue but if you’ve noticed, the bump was not small and it has continued ever since.
You don’t get to make record profits and then blame prices on the pandemic. If it was solely due to natural inflation, profits would be similar to past years.
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