How do I explain this to my friends/family?
None of my friends and family understand economics at all and many of them believe the reason for inflation is that companies are “greedy”. And they point to the fact that as prices rise many companies are making record profits. Even when I point out that it doesn’t make sense that after all this time that companies just randomly decided to become greedy but they still insist that is the reason for higher prices.
How can I explain how stupid this belief is to people who don’t understand even the most basic economic concepts?
submitted by /u/OpinionStunning6236
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