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Greedflation theory
June 7 , 2024
170 days
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- New research from the Federal Reserve Bank of San Francisco raised a new view on the greedflation theory.
- Some inequality is actually beneficial, since it acts as an incentive to entrepreneurs to start businesses.
- Greedflation is a scenario where inflation in an economy is driven by corporate greed to make a profit rather than an increase in the cost of production, demand, or wages.
- Inflation is the rate at which the general price level of goods and services rises in an economy.
- Greedflation occurs when corporations exploit existing inflation by raising prices far beyond their actual input cost increases.
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