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A comment on Analysis finds Australia’s inflation being driven by company profits, not wages. Parent comment

Re:Analysis finds Australia’s inflation being driven by comp... by kasey_junk on Sunday February 26, 2023 @08:33AM (#34945399)
You’re arguing circularly. Currencies are worth less when things cost more. Things cost more when prices increase.

If a central committee increased the price on everything without changing the monetary supply that would still be inflation. Similarly if the invisible hand does it or if there is broad collusion amongst producers.

[ Parent | on HN ]
Re:Analysis finds Australia’s inflation being driven by comp... by refurb on Sunday February 26, 2023 @07:55PM (#34951657)
Its not circular because its different drivers of price.

If gas prices rise the purchasing power of my dollar remains the same for most items.

If inflation goes up, my dollar buys less of everything.

[ Parent | on HN ]