I have no patience for the "greedy corporations" angle with inflation. Inflation is caused almost entirely by government. In part it's a knock-on effect from the increase in money supply, but also results from overregulation. Here in Canada, we have our government blaming Trump's tariffs for prices that have been skyrocketing since years before Trump took office, all to deflect from the hideous irresponsibility of their own carbon tax, which adds an artificial cost onto every stage of our supply chain, and then mandating that the same service industry which has had to increase all of its prices as a result then increase the wage they pay all of their workers to compensate. As if that increase won't be immediately canceled out by minimum wage workers' employers having to raise prices again to compensate for it.
I have no patience for the "greedy corporations" angle with inflation. Inflation is caused almost entirely by government. In part it's a knock-on effect from the increase in money supply, but also results from overregulation. Here in Canada, we have our government blaming Trump's tariffs for prices that have been skyrocketing since years before Trump took office, all to deflect from the hideous irresponsibility of their own carbon tax, which adds an artificial cost onto every stage of our supply chain, and then mandating that the same service industry which has had to increase all of its prices as a result then increase the wage they pay all of their workers to compensate. As if that increase won't be immediately canceled out by minimum wage workers' employers having to raise prices again to compensate for it.
Greed wasn’t invented in 2020. Blaming corporations for inflation is idiotic.