How much of inflation can be attributed to rent seeking and profit maximisation?
Economic theory suggests competition facilitates optimal pricing in the market. Given our landscape of mega-corps this factor is only going to become larger. In fact higher interest rates might even accelerate it by making it harder for startup’s and small businesses to compete.
Economic theory suggests competition facilitates optimal pricing in the market. Given our landscape of mega-corps this factor is only going to become larger. In fact higher interest rates might even accelerate it by making it harder for startup’s and small businesses to compete.