So the costs of inputs rise, then businesses use the "signal" of rising costs to "coordinate" raising their prices, and you want to treat that "coordination" as if it were illegal price fixing? Are they supposed to ignore the "signal" and just eat the loss to bankruptcy? No kidding, things get more expensive when expenses go up? Somebody call the Nobel committee, this woman is "re-writing the book on economics." ...
She’s so naive. Like if she would have called out the fact that we have a private central bank and that banks and Wall Street benefit unfairly from that okay. Applaud her. But she’s simply saying oh corporations are greedy only after the rona. It’s like hmm. Doesn’t she think Apple would have charged $2000 for a phone ten years ago if they think they could have? Democrats that run Apple do do evil things like planned obsolescence and been caught slowing down phones and went to court. If they slow down older phones then they think customers will have to upgrade. Trump was horrible in many ways but he did do the trumps tax cut and job act which made it so Apple or Marriott etc that offshores earnings by leasing patents or by keeping foreign earnings offshore until a tax holiday, Trump did change it so they pay taxes the year they earn it. I remember think omg. Back in like 2016 I remember reading Apple had like 60 billion offshore and would just borrow or issue bonds in the U.S. to borrow money simply to evade taxes.
Did this millennial economist read the federal reserve act and ever show the federal reserve or central bank is actually privately owned by wallstreet paying a 6%dividend. Now that’s collusion and a monopoly and it’s existed for over a century.
Why did they need to "coordinate" prices with other companies to know what they should be charging? You're literally describing coordinated price fixing using different terms. More importantly though, you're ignoring a very simple concept here. If I blame "inflation" for rising costs while simultaneously increasing my profits by 100%, which part of that 100% profit increase is due to "inflation"? The answer is 0. It has to be 0 because inflation reduces profits if it is not accounted for. Inflation is literally the output cost of goods/services being increased in order to offset input costs. Input goes up...output goes up the same amount in order to keep profit margins intact. If you increase your actual profits (after costs) and say "oh man, that's terrible inflation!" You're lying about inflation or don't understand what inflation even means. Do you understand now? This is incredibly basic knowledge and nobody paying attention was confused by this.
@@ThatonedudeCR12956 Price fixing is secretive collusion, not reacting to rising input costs that are public knowledge and impact all industries downstream of the more costly input resource. That's called a "market." When you go to the store and see that apples have risen from 2$ a pound to $2.50 per pound, are you "coordinating" with other bakers when all the bakeries raise the price of apple pie because your profit margin was erased? The problem in Canada is lack of competition.
There were record high profits, but also their profit margins have stayed the same or even gone down. If you spent 20 billion to make 22 billion in 2019, but then spent 40 billion to make 43 billion in 2023, sure you have record profits, but your company isn't doing as good as it was. Trying to price control, especially in basic good like groceries, will only result in shortages and pain.
Ya it’s so funny they called it putins inflation. It’s like why weren’t democrats mad that apple and nividia or the big seven tech stocks were doing super amazing? My favorite was a show about governor newsom actually supporting the public electricity company in California. The company can’t be sued in similar ways in other states, but has to go through the governor or something. Or the governor had a council to oversee approving projects of the monopoly electricity company but always approved em. It said electricity has doubled the last couple years in cali. Now that’s price gouging with government support of governor newsome. Like doubling your price in a couple years now that’s probably worth looking into.
Did this millennial economist read the federal reserve act and ever show the federal reserve or central bank is actually privately owned by wallstreet paying a 6%dividend. Now that’s collusion and a monopoly and it’s existed for over a century.
The issue is that firms colluded, beyond reading publicly available price signals, to raise prices far beyond what they needed to be to stay in line with increasing costs. If costs went up 10%, they colluded to spike the price by 50%, for example. The meat industry is currently being investigated for this through using an agriculture statistics company to illegally collude. Real estate is being investigated for using the real page algorithm to illegally collude. For oil, an executive named Scott Sheffield was colluding over the phone to spike oil prices far beyond cost increases. The solution to this problem is for the US Justice Department to do more investigations and uncover more illegal collusion. We have all of the tools required to tackle this problem currently at our disposal. What we need is much more enforcement of our current laws.
Why do democrats get mad when oil and commodities go up? They never get mad at apple for spiking prices? The governor of California actually supports the huge increases like literally doubling of electricity costs in California over two years. That’s government monopoly support.
Also the federal reserve is privately owned paying a 6% dividend. Of course there’s freaking collusion when Wall Street owns the central bank. Like wtf???? Read the federal reserve act. The fed owned like 2.7 trillion in mortgages obviously driving up real estate. Like it’s nothing new.
Did this millennial economist read the federal reserve act and ever show the federal reserve or central bank is actually privately owned by wallstreet paying a 6%dividend. Now that’s collusion and a monopoly and it’s existed for over a century.
So the costs of inputs rise, then businesses use the "signal" of rising costs to "coordinate" raising their prices, and you want to treat that "coordination" as if it were illegal price fixing? Are they supposed to ignore the "signal" and just eat the loss to bankruptcy? No kidding, things get more expensive when expenses go up? Somebody call the Nobel committee, this woman is "re-writing the book on economics." ...
She’s so naive. Like if she would have called out the fact that we have a private central bank and that banks and Wall Street benefit unfairly from that okay. Applaud her. But she’s simply saying oh corporations are greedy only after the rona.
It’s like hmm. Doesn’t she think Apple would have charged $2000 for a phone ten years ago if they think they could have?
Democrats that run Apple do do evil things like planned obsolescence and been caught slowing down phones and went to court. If they slow down older phones then they think customers will have to upgrade.
Trump was horrible in many ways but he did do the trumps tax cut and job act which made it so Apple or Marriott etc that offshores earnings by leasing patents or by keeping foreign earnings offshore until a tax holiday, Trump did change it so they pay taxes the year they earn it.
I remember think omg. Back in like 2016 I remember reading Apple had like 60 billion offshore and would just borrow or issue bonds in the U.S. to borrow money simply to evade taxes.
Did this millennial economist read the federal reserve act and ever show the federal reserve or central bank is actually privately owned by wallstreet paying a 6%dividend. Now that’s collusion and a monopoly and it’s existed for over a century.
Now my comments disappear again
Why did they need to "coordinate" prices with other companies to know what they should be charging? You're literally describing coordinated price fixing using different terms. More importantly though, you're ignoring a very simple concept here.
If I blame "inflation" for rising costs while simultaneously increasing my profits by 100%, which part of that 100% profit increase is due to "inflation"?
The answer is 0. It has to be 0 because inflation reduces profits if it is not accounted for. Inflation is literally the output cost of goods/services being increased in order to offset input costs. Input goes up...output goes up the same amount in order to keep profit margins intact.
If you increase your actual profits (after costs) and say "oh man, that's terrible inflation!" You're lying about inflation or don't understand what inflation even means. Do you understand now? This is incredibly basic knowledge and nobody paying attention was confused by this.
@@ThatonedudeCR12956 Price fixing is secretive collusion, not reacting to rising input costs that are public knowledge and impact all industries downstream of the more costly input resource. That's called a "market." When you go to the store and see that apples have risen from 2$ a pound to $2.50 per pound, are you "coordinating" with other bakers when all the bakeries raise the price of apple pie because your profit margin was erased? The problem in Canada is lack of competition.
There were record high profits, but also their profit margins have stayed the same or even gone down. If you spent 20 billion to make 22 billion in 2019, but then spent 40 billion to make 43 billion in 2023, sure you have record profits, but your company isn't doing as good as it was. Trying to price control, especially in basic good like groceries, will only result in shortages and pain.
Ya it’s so funny they called it putins inflation. It’s like why weren’t democrats mad that apple and nividia or the big seven tech stocks were doing super amazing? My favorite was a show about governor newsom actually supporting the public electricity company in California. The company can’t be sued in similar ways in other states, but has to go through the governor or something. Or the governor had a council to oversee approving projects of the monopoly electricity company but always approved em. It said electricity has doubled the last couple years in cali. Now that’s price gouging with government support of governor newsome. Like doubling your price in a couple years now that’s probably worth looking into.
Did this millennial economist read the federal reserve act and ever show the federal reserve or central bank is actually privately owned by wallstreet paying a 6%dividend. Now that’s collusion and a monopoly and it’s existed for over a century.
The issue is that firms colluded, beyond reading publicly available price signals, to raise prices far beyond what they needed to be to stay in line with increasing costs. If costs went up 10%, they colluded to spike the price by 50%, for example. The meat industry is currently being investigated for this through using an agriculture statistics company to illegally collude. Real estate is being investigated for using the real page algorithm to illegally collude. For oil, an executive named Scott Sheffield was colluding over the phone to spike oil prices far beyond cost increases. The solution to this problem is for the US Justice Department to do more investigations and uncover more illegal collusion. We have all of the tools required to tackle this problem currently at our disposal. What we need is much more enforcement of our current laws.
Why do democrats get mad when oil and commodities go up? They never get mad at apple for spiking prices? The governor of California actually supports the huge increases like literally doubling of electricity costs in California over two years. That’s government monopoly support.
Also the federal reserve is privately owned paying a 6% dividend. Of course there’s freaking collusion when Wall Street owns the central bank. Like wtf???? Read the federal reserve act.
The fed owned like 2.7 trillion in mortgages obviously driving up real estate. Like it’s nothing new.
Did this millennial economist read the federal reserve act and ever show the federal reserve or central bank is actually privately owned by wallstreet paying a 6%dividend. Now that’s collusion and a monopoly and it’s existed for over a century.