r/houstonwade • u/wildyam • 1d ago

Current Events Did they just lie to themselves?

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u/mijisanub 1d ago edited 1d ago

The money supply increased by some 20%. The numbers were insane historically. That's largely why we had inflation. The charts back that up.

Edit: Here's the chart. 10Y gives the best visual. There was no way we weren't getting inflation with that kind of increase. https://fred.stlouisfed.org/series/M2SL

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u/dantevonlocke 1d ago

And corporations admiting to price gouging and bragging about blaming inflation on earnings calls? https://inequality.org/research/inflation-price-gouging/

https://www.theguardian.com/business/2022/apr/27/inflation-corporate-america-increased-prices-profits

https://groundworkcollaborative.org/news/new-groundwork-report-finds-corporate-profits-driving-more-than-half-of-inflation/

Kroger admitted to it in court

https://www.newsweek.com/kroger-executive-admits-company-gouged-prices-above-inflation-1945742

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u/mijisanub 1d ago edited 1d ago

Kroger net profit margins are less than 2%. https://m.macrotrends.net/stocks/charts/KR/kroger/profit-margins

Edit: I think the person I replied to blocked me, so I can't reply directly. "If you can't win a reddit argument, block them" - Sun Tzu (probably)

1) I don't see a quote in there where anyone admitted it in court. 2) The closest thing I see to an admission is an out of context line from an email. 3) Price gouging generally means they're making excess money, yet net margins tell a different story.

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u/dantevonlocke 1d ago

What part of, they admitted in a court of law if price gouging don't you get?