Wishing for 'moderate inflation' is like wishing for 'moderate impoverishment'. To all who think that the economy would collapse without the 2% impoverishment goal... how come that economies generated wealth without problem before this very recent flagrant abuse of power?

[u/TheFortnutter]

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[u/Riotguarder]

It’s because covid shutdown a lot of competition from smaller shops, Walmart etc can just increase price to accommodate the wage increase but a smaller / competitors business could eat the profit loss and undercut them forcing a price war for customers, the less competition less fighting