#like (paraphrased bc swiss cheese memory) 'although inflation is a serious economic concern; greedflation is...' | Explore Tumblr Posts and Blogs

elftwink · 5 months

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being actually so serious I thought I knew what inflation was and then someone explained to me the concept of "greedflation"/price gouging and ever since then I feel like I must be missing something because everyone's acting like those are those are different things like?????? "greedflation is when prices are raised even though supplies cost the same because it will generate more profit for the seller" ok "inflation is that also but instead of saying the seller did that we say the Market did and it was unavoidable!! but yes the seller is bringing in more profit as a result" like??? is something material actually different between inflation and greedflation or is it literally just a kind of framing device. bc if there is something material I am not comprehending it

#good idea generator #irl i actually learned what inflation was first and i was like ok!#until yrs later when i read about 'greedflation #which was defined in literally exactly the same way that i understood inflation #with a one sentence note that legitimized the concept of inflation w/o explaining #like (paraphrased bc swiss cheese memory) 'although inflation is a serious economic concern; greedflation is...'#which did not help at all because what i really needed was for someone to define them both right next to each other #admittedly i could try harder to fill this gap in my knowledge #i have tried to read books about finances but a large portion of them #are written by guys trying to be discount jordan belfort. and i dont even respect the name brand jordan belfort #so you can imagine i have dnf'd many economics related text for annoyingness of narrative voice

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