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Why Are Food Prices So Darn High? Investigative Report – Unmasking “Greedflation”
PatriotandLiberty ^ | 11/23 | Dallas Ludlum

Posted on 12/01/2023 1:20:03 AM PST by spirited irish

The term “greedflation” describes scenarios where companies use the cover of inflation to hike prices disproportionately, boosting profits at the expense of consumers. This practice has been especially prevalent during the post-pandemic recovery phase, when inflation provided a convenient pretext for such actions​​​​.

Greedflation, a term that emerged prominently during the high inflationary period of 2021 and 2022, encapsulates how some companies exploited the situation to significantly raise prices, often well beyond their increased costs. This practice wasn’t merely a reflection of market dynamics but a strategic maneuver to maximize profits under the guise of inflation.

The impact of greedflation extends beyond just numbers on a balance sheet. It directly affects families, particularly those in lower and middle-income brackets. When prices for basic necessities like food and household goods are inflated artificially, families face heightened financial strain.

(Excerpt) Read more at patriotandliberty.com ...


TOPICS: Politics; Society
KEYWORDS: greed
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1 posted on 12/01/2023 1:20:03 AM PST by spirited irish
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To: spirited irish
Why Are Food Prices So Darn High?

Because the Federal Reserve flooded the world with too many dollars in 2020 and 2021.

2 posted on 12/01/2023 1:29:39 AM PST by Right_Wing_Madman
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To: Right_Wing_Madman

Somebody doesn’t understand basic market economics.


3 posted on 12/01/2023 1:34:04 AM PST by TheConservator (Either the Deep State destroys America, or we destroy the Deep State!--President Donald Trump)
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To: spirited irish

Is this article from The Onion? What a load of BS! While the rate of inflation has (allegedly) declined, that doesn’t mean that price levels have declined from those existing at the time when Slow began his occupation of the White House.


4 posted on 12/01/2023 2:02:47 AM PST by j.frank.dobie
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To: spirited irish

I’ll blow the whistle... I don’t care what the “private business cult” says. They just don’t want to admit to being greedy opportunists. I have been in business all my life and opportunistic collaborated price fixing and price gouging is absolutely real.

Especially now days when there are large corporate monopolies controlling certain links in the supply chain. I have seen it all my life. and even as a businessman I cannot defend the practices as “normal” or come up with other “excuses” to hide the pure greed.

Yes the economy is bad, costs to produce and deliver are up 50%, but that does not equal a 150% increase at retail, the extra 100% is tacked on as pure opportunistic greed through the supply chain.


5 posted on 12/01/2023 2:08:29 AM PST by Openurmind (The ultimate test of a moral society is the kind of world it leaves to its children. ~ D. Bonhoeffer)
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To: spirited irish

The stupid people who would put you in jail for counterfeiting because they only think taxes or their cut isn’t being paid don’t seem to understand the actual, economic reasons why there are laws against it.


6 posted on 12/01/2023 2:10:45 AM PST by mikey_hates_everything
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To: spirited irish

This could have been written by one of my Economics professors in college. They were all socialists that thought they knew exactly how to “fix” everything. They were all pompous asses and out of touch with anything that resembled reality.


7 posted on 12/01/2023 2:13:23 AM PST by GrumpyOldGuy
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To: spirited irish
I just bought some sandwich-sliced ham yesterday that only a few weeks ago was selling for $3.49/lb. The cost yesterday: $6.49/lb.

Had I not needed it for a recipe, I would not have bought it.

BTW, chicken was still reasonably priced.

8 posted on 12/01/2023 2:22:47 AM PST by RoosterRedux (A person who seeks the truth with a strong bias will never find it. He will only confirm his bias.)
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To: spirited irish

Bidenomics.


9 posted on 12/01/2023 2:28:55 AM PST by MayflowerMadam (As God's children, we live on promises, not explanations - WiersbeIIRC, )
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To: spirited irish

https://www.cbsnews.com/news/proctor-gamble-raise-prices-september-inflation/

I’ll just leave this here...one of many articles from 2021 telling us this was coming.

Is there greed built in? Probably. But there are generally higher costs to do anything. You simply cannot absorb 100% labor increases and not see a result like this.


10 posted on 12/01/2023 2:46:01 AM PST by Adder (End fascism...defeat all Democrats.)
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To: RoosterRedux

That is almost a 100% price increase. There is absolutely no way the supply chain cost went up that much in that short of time. The costs of production and delivery did not go up 100% in that short of time so the math just doesn’t add up at all. These prices are not all Biden...


11 posted on 12/01/2023 2:52:42 AM PST by Openurmind (The ultimate test of a moral society is the kind of world it leaves to its children. ~ D. Bonhoeffer)
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To: RoosterRedux

“BTW, chicken was still reasonably priced.”

You point out something important here by adding that point. The price of the ham went up almost 100% but the price of chicken did not? Even though the costs of labor, production, and delivery should have affected them both equally?

Far too obvious one is price gouging... the other is not.


12 posted on 12/01/2023 3:07:03 AM PST by Openurmind (The ultimate test of a moral society is the kind of world it leaves to its children. ~ D. Bonhoeffer)
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To: spirited irish

Shop the sales as best you can...generally speaking; everyone is corrupt, everyone is a grifter, everyone is a liar. Good luck out there.


13 posted on 12/01/2023 3:11:19 AM PST by who knows what evil?
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To: Openurmind

The pigs are taking over and calling the chickens bird-brains for selling out too cheaply.


14 posted on 12/01/2023 3:11:22 AM PST by RoosterRedux (A person who seeks the truth with a strong bias will never find it. He will only confirm his bias.)
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To: TheConservator
Somebody doesn’t understand basic market economics.

Somebody else doesn't understand the effects of bad monetary policy.

15 posted on 12/01/2023 3:14:54 AM PST by Sir_Humphrey (The “only Trumpers” are just as damaging to the conservative cause as are the “never Trumpers”)
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To: Sir_Humphrey

Somebody was hired to write BS.


16 posted on 12/01/2023 3:23:17 AM PST by dkGba
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To: Sir_Humphrey

The cost to everyone in the supply chain has increased and is being paid for with inflated/devalued money. It’s not as much of a pure price increase as it is a combination of factors. Let’s just call it Bidenomics.

Inflation is not one dimensional.

EC


17 posted on 12/01/2023 3:23:21 AM PST by Ex-Con777
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To: Openurmind

Thank-you for your evaluation. Today’s globalists consist of immensely wealthy people who over time have bought control of all resources (gas, coal, electric, water, land, food, etc), technology, and most corporations. The order to destroy millions of chickens and turkeys came from higher up.


18 posted on 12/01/2023 3:34:36 AM PST by spirited irish ( )
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To: RoosterRedux

Thank you for allowing me to use your comment as an example. It is not intended to be argumentative directly with you. It is a great example of the topic of the OP. :)

But this is a pet peeve of mine even though I have been in business myself since Carter was in office. The opportunism is hitting me especially hard this time around because now I have grown kids with their own families and they are about to lose their homes because of the Biden economy and the reality of this exact greedy price gouging.

I’m going to call out and expose every single reason why. This is not all Biden, supply is taking advantage of the situation and being greedy on top of the Biden economic issues. It is the straw that is breaking the camel’s back and that little difference is what will break my kids.

The opportunistic greed is just as wrong as Biden’s failed economy. It is rubbing salt in the wound and in no way should they be allowed a free pass and immunity.


19 posted on 12/01/2023 3:39:54 AM PST by Openurmind (The ultimate test of a moral society is the kind of world it leaves to its children. ~ D. Bonhoeffer)
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To: TheConservator

“Somebody doesn’t understand basic market economics.”

I think this Dallas Ludlum dude made a right turn on his way to work, when he should have made a left turn, and ended up spending the day at a conservative site instead of a Leftist site.

Either that or these clowns, who think they’re on our side, are CLUELESS and the country is worse off than I ever thought.


20 posted on 12/01/2023 3:46:14 AM PST by BobL (Trump gets my vote, even if I have to write him in; Millions of others will do the same)
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