SCB, 5 months ago If it was merely an increase in costs, corporate profits should be neutral after they hike their prices to match. Same ratio going in and out. You’re ignoring both the rise in demand and the increase in available spending money, and misunderstanding the relationship between profits and price.
If it was merely an increase in costs, corporate profits should be neutral after they hike their prices to match. Same ratio going in and out.
You’re ignoring both the rise in demand and the increase in available spending money, and misunderstanding the relationship between profits and price.