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Corporate profits account for almost half the increase in Europe’s inflation

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Re: Corporate profits account for almost half the increase in Europe’s inflation

#451

Post by kriops »

DropInIn wrote: post #442
kriops wrote: post #425

Earlier quoted context omitted.

Your comment, for one. What device did you use to make it?

And they could afford to own that device readily while almost certainly believing in one of the more regulated nations in the world, right? How are the citizens in the least regulated doing on that front? Yea....

You are conflating lack of regulations with lawlessness. If literal anarchy was the alternative, then you'd have a point.

Anyways, the device in question would simply not have existed if there wasn't for competition. His comment is thus evidence of its content being false.

Re: Corporate profits account for almost half the increase in Europe’s inflation

#452

Post by DropInIn »

kriops wrote: post #451
DropInIn wrote: post #442

Earlier quoted context omitted.

And they could afford to own that device readily while almost certainly believing in one of the more regulated nations in the world, right? How are the citizens in the least regulated doing on that front? Yea....

You are conflating lack of regulations with lawlessness. If literal anarchy was the alternative, then you'd have a point. Anyways, the device in question would simply not have existed if there wasn't for competition. His comment is thus evidence of its content being false.

No. You're being either being willfully disingenuous or completely lacking knowledge of the variety in this world.

Plenty of nation that are not lawless but are effectively unregulated in the matters being discussed.

And they do not fit your supposition.

Really...

Re: Corporate profits account for almost half the increase in Europe’s inflation

#453

Post by revelio »

DropInIn wrote: post #443
revelio wrote: post #387

Earlier quoted context omitted.

He labelled the cause as government policy, which clearly includes pandemic measures. Sweden didn't lock down but they did print a ton of money. Compare money supply growth for UK vs Sweden. It's the same and occurred at the same time. Lockdowns weren't the only pandemic spending measures unfortunately. All governments everywhere massively pumped the money supply to pay for "whatever it takes" and now the bill has co…

You do know most nations aren't printing money out of nowhere right? People buy bonds/etc and those are what back the new printings....

Printing money is by definition out of nowhere.

If governments sell bonds to domestic buyers then indeed that doesn't create money, but in practice most bonds are bought by the central bank using printed money.

Re: Corporate profits account for almost half the increase in Europe’s inflation

#454

Post by eldritch_4ier »

alexaholic wrote: post #296
eldritch_4ier wrote: post #154

Earlier quoted context omitted.

Of course inflation is "just" businesses increasing their prices, how else would prices increase - they are decided by humans after all. It's STILL the fault of loose monetary policy. Do you understand that? Many people mention corporate profits drive inflation like that's the end of the conversation. It's the equivalent of saying your house got flooded because the door broke open (allowing the raging hurricane outsi…

The article is about inflation in Europe

Yes, inflation in Europe is the very same phenomenon with their counterpart actors.

Re: Corporate profits account for almost half the increase in Europe’s inflation

#455

Post by DropInIn »

revelio wrote: post #453
DropInIn wrote: post #443

Earlier quoted context omitted.

You do know most nations aren't printing money out of nowhere right? People buy bonds/etc and those are what back the new printings....

Printing money is by definition out of nowhere. If governments sell bonds to domestic buyers then indeed that doesn't create money, but in practice most bonds are bought by the central bank using printed money.

How are bonds repaid?

From extant currency.

What do the funds used to buy bonds do until repaid?

They back the newly printed currency.

You see, nothing is ever actually created.

Money is created from Commodities like wheat, corn, and metals, all of which are obtained in manners where the input cost is less than the output value with the additional value coming from a process in nature (sun and photosynthesis, or geologic actions for example).

You've clearly never actually done the flow chart, huh?

Re: Corporate profits account for almost half the increase in Europe’s inflation

#456

Post by revelio »

DropInIn wrote: post #455
revelio wrote: post #453

Earlier quoted context omitted.

Printing money is by definition out of nowhere. If governments sell bonds to domestic buyers then indeed that doesn't create money, but in practice most bonds are bought by the central bank using printed money.

How are bonds repaid? From extant currency. What do the funds used to buy bonds do until repaid? They back the newly printed currency. You see, nothing is ever actually created. Money is created from Commodities like wheat, corn, and metals, all of which are obtained in manners where the input cost is less than the output value with the additional value coming from a process in nature (sun and photosynthesis, or geol…

You're talking about wealth, not money. Wealth indeed cannot be created out of thin air and is based on converting inputs into higher value outputs. Money in contrast can be created at will, and is, all the time.

Re: Corporate profits account for almost half the increase in Europe’s inflation

#457

Post by DropInIn »

revelio wrote: post #456
DropInIn wrote: post #455

Earlier quoted context omitted.

How are bonds repaid? From extant currency. What do the funds used to buy bonds do until repaid? They back the newly printed currency. You see, nothing is ever actually created. Money is created from Commodities like wheat, corn, and metals, all of which are obtained in manners where the input cost is less than the output value with the additional value coming from a process in nature (sun and photosynthesis, or geol…

You're talking about wealth, not money. Wealth indeed cannot be created out of thin air and is based on converting inputs into higher value outputs. Money in contrast can be created at will, and is, all the time.

Again NO.

The money used for the bond is Taken Out Of Circulation and then new cash is printed.

The money already exists.

The value already exists.

It simply doesn't exist as Cash.

Theres a difference.

Really, do the effing flow chart.

Re: Corporate profits account for almost half the increase in Europe’s inflation

#458

Post by ETH_start »

bumby wrote: post #446
ETH_start wrote: post #444

Earlier quoted context omitted.

Lack of recreation and reproduction harms economic productivity in the long run. Everything valuable or good in life can ultimately be measured as contributing to productivity.

That assumes is a goal in its own sake. I’m making an argument that productivity is a means to an end, not an end itself. It’s similar to the alignment problem of AI. Put differently, do you think a lower quality of life is a worthwhile tradeoff if it raises productivity? What about the inverse?

The goal should be to raise quality of life. The only way to do that is to raise productivity.

Re: Corporate profits account for almost half the increase in Europe’s inflation

#459

Post by ETH_start »

BoiledCabbage wrote: post #449
ETH_start wrote: post #445

Earlier quoted context omitted.

Some laws, like those against theft and violence, increase competitiveness. The ideal state has such laws - that establish a free market based on voluntary interaction - and little else. And indeed, states that get closest to this ideal have the best economic growth rates and trends in QoL improvements.

Competitiveness != Free Market If fact, if you want competitiveness you need to prevent a fully free market. No matter how many times this is explained, people still continue to make this incredibly simple and enormously consequential mistake. If we're taking the reductionist view that economic output is the only important measure of society, then people need to understand that means maximizing competition not maximi…

>>If fact, if you want competitiveness you need to prevent a fully free market.

I've seen no indication of that.

Re: Corporate profits account for almost half the increase in Europe’s inflation

#460

Post by ETH_start »

antisthenes wrote: post #450
ETH_start wrote: post #445

Earlier quoted context omitted.

Some laws, like those against theft and violence, increase competitiveness. The ideal state has such laws - that establish a free market based on voluntary interaction - and little else. And indeed, states that get closest to this ideal have the best economic growth rates and trends in QoL improvements.

> And indeed, states that get closest to this ideal have the best economic growth rates and trends in QoL improvements. Isn't this just a cleverly worded tautology? It's like saying healthy people tend to live longer and happier lives. But is it actionable information? Not really.

How is that a tautology?
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