Episodes / 2024 / August

Toward Anarchy August 17th

Corporate Greed

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Hour one brings an Anarchist Audit of the claim that Corporate Greed is causing inflation the rise in Consumer Prices. Then, Dr. Dean Lloyd drops in for his regular visit to talk about not making the same mistake twice.

Find out more about Dr. Lloyd and his work on Evolving the Species EvolvingTheSpecies.com.

Get your copy of Cruising the Epiphany Highway, and follow along as we make our way through it.

Anarchist Audit: Corporate Greed

Before we get rolling, just thought I'd put this out there for people who think I lack the credentials, the authority, to speak on certain topics. Economic lady on Fox says what I've been saying all along, not because I was looking at government numbers or the Stock Market, because I I've been looking at what is happening in open markets where normal people trade. Middle America Has Been in Recession.

The base claim by the progressive left is, Corporate Greed is responsible for Inflation. Pejoratively called, Greedflation.

It's not a new thing to blame corporate greed on their response to government/banker caused inflation. Before Trump and before COVID way back in 2013 the political left didn't understand how Socialist Policies on both sides enable corporate greed. And it's funny to note how they fail to recognize that so-called Crony Capitalism is Socialism. I repeat, Socialists practice capitalism too, they just do it with your money.

Greedflation is cool sounding and gets attention, but like most buzzwords it means nothing. Greedflation is a Red Herring, and it is rooted in the confusion between objective and subjective value where market price is concerned.

But what does the average anti-capitalist socialist economically ignorant Opinion actually say? They Say That Greed Is Not Good, but they don't understand how individual greed effects the greater economy.

Another great sounding buzz-word is Shrinkflation. Whereas Shrinkflation is a real thing meant to convey the notion of how smaller amounts of a good are being sold at the same or greater price point than the previously recognized amount, we can point to the real problem. The Fed is to Blame for Shrinkflation.

So, to answer the question directly, NO, Corporate Greed is not the or even a driving factor of inflation. Not even CNN dares make the claim at this point.

Anarchy in Quotations

"Inflation is the fiscal compliment of statism and arbitrary government. It is a cog in the complex of policies and institutions which gradually lead to ward totalitarianism." - Ludwig von Mises