Comments by "David Ford" (@davidford3115) on "VisualEconomik EN" channel.

@andrea6637 Companies exist to make a profit, what you folks call "corporate greed". Record profits as you call them are more an accounting and stock value gimmick. They are looking at GROSS receipts, not NET receipts for which there is a MAJOR difference. And it IS entirely possible to report a Gross record profit while still barely breaking even. Companies don't report record profits then file for bankruptcy the following year without some account games being played by the Chief Finacial Officer.
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The biggest problem is actually that expansion of the money supply. Simply printing money without a hard commodity to back it up devalues it to the point of worthlessness.
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@Lord_technofascist_nepobaby Which is sad considering that the Chinese way of anti-capitalism authoritarian coupled with nepotistic corruption has fatally infected the West. In many ways, the US government has become a mirror image of the Chinese CCCP.
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Inflation won't ever get under control until the Federal Reserve stops printing money. The interest rate is less of a factor that "quantitative easing" (ie Weimar German monetization of debt). It is impossible to simply print your way out of debt without making the currency completely worthless. Just look at Zimbabwe.
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How much of that is actually STAGFLATION? Before the Carter years, inflation and economic stagnation were considered opposing factors. But then the two started to occur in tandem defying the common wisdom of economics up to that point.
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@schumanhuman Why doesn't supply increase to meet demand? Simple: governments prohibit further construction of housing. California is particularly bad about that. And when they do allow for building more, it tends to be high cost/low-density single-family homes rather than affordable high-density high-rises.
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