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Its tricky because it is partly true.

Because the money supply is so heavily manipulated, price discovery needs to take in to account both changes to the availability of the good or service, and fluctuations of money now and in to the future.

Corps clearly have a much better understanding of what the fed may do in the next two meetings, have a lot more data about what their consumers are spending.. This information imbalance creates the conditions that allow a corporation to overcharge (exacerbated by the fact that the government helps ensure they have limited competition).

Typically if I'm having this conversation with right leaning people, we can just blame the govt.. With leftists I fine if more productive to talk about how the fed creates the conditions that allow for that exploitation.

Mike 2y ago

Is it that they have limited competition because the money printer and inflation cause power and control to be aggregated to a select few?

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Semi-Normal 2y ago

To state it ultra simply... how hard is it for you to estimate what your money is really worth now? Or estimate how much it will be worth tomorrow (should I save or spend). That question is largely predicated on existing liquid money supply, future rate manipulations, future liquidity injections via QE etc.

Is a corporation with political ties and influence more likely to get those answers right? Or you? And does that information imbalance give the corporation an advantage in recognizing when you're off the mark and willing to pay more than you should?

I cannot point to any proofs of my suppositions here.. but they make sense to me. And bitcoin fixed this. No one has any different information about existing or future supply.