A friend was blaming corporations for inflation. 🤔Corporations raise prices as long as people still buy their products. To me this means money have been devalued so much by money printing people spend it like it’s toilet paper on junk items. If money had value it would be saved and penny pinched #bitcoinonly
Discussion
exactly! There's so much cash flowing around and that's the main cause for it to lose value. Offer and demand principle also applies to cash. More cash, less value, corporate is just the mean that facilitates the expenditure and therefore increases the inflation. Governments are to blame for printing so much money as a way to deal with economy.