What Would You Call the Biggest Cause of Inflation?

@mythociate (14758)
Oklahoma City, Oklahoma
November 20, 2012 4:26pm CST
The first one that comes to mind is "greed," but that's too vague & -general to count as a cause. So I would call the main cause 're-selling'---upping the price of a product by adding 'your percentage' for re-sale, encouraging the original seller to up their price a little more, making it necessary for re-sellers to up their prices a little more. That came to mind when I was offered the 'opportunity' to pay $50-something dollars-a-month to 're-sell' ebooks-etc. The sales-letter tells me that this guy 'started-out making 6 figures a year, and now makes 6 figures a MONTH (or was that DAY?) selling ebooks.' Maybe he actually sells more ebooks, and maybe they're actually good (rather than just the newest barf-up of the same old 'make money'-drivel). But that's not the point. I think the point (skipping all the in-between stuff of 'getting to the point') is that ALL THINGS SHOULD BE FREE. All things except a person's time, which remains valued by the same thing everything else is valued-by: how much money people will pay for it. Remember when dinner at a restaurant was paid-for by a few hours of washing dishes?... me neither, but I seen plenty of movies/TV-shows where it was (tho I can't exactly remember which ones now ) One's time is made more-valuable when one has the ability to find things for sale or -to create them and sell them. The Internet--then--is a way of TAKING OUT the re-seller and buying 'straight from the factory' ... STOPPING that cause of inflation. But no, resellers remain. So inflation goes on. But it goes on anyway; why do you think that is?
1 person likes this
5 responses
@Mavic123456 (8830)
• Thailand
21 Nov 12
I thought at first you were targeting on economic inflation. Why the situation of the nation is getting worse. I was about to say corruption. Yes Greed is the meanest attitude one should posses. There is nothing wrong with reselling as far as I am concern. Why keep something you don't need when others can use it in a half price. No problem with that, and besides you are able to help other people too from saving money. I won't buying an old books if it still usable.
• Thailand
21 Nov 12
Correction: I won't mind buying an old book if it is still usable.
@mythociate (14758)
• Oklahoma City, Oklahoma
11 Dec 12
So I guess it's the book-seller's responsibility to not sell the book for more than he bought it for (and/or the buyer's responsibility to not BUY it for too much money). What makes one book worth more than another book?
1 person likes this
• Thailand
11 Dec 12
Not really some books can still be sold more than it was bought specially if it is a collector's item. Maybe if the author has become popular... what do you think?
@francesca5 (1344)
11 Dec 12
to me inflation is caused by poor, when the seller of the goods have more power than the buyer, then they can put up prices. there are issues about money supply, as the financial sector by increasing debt increases money supply. however the organisation of who are the winners and losers is to do with power. a shop selling food that is the only one nearby has more power, than one with many rivals. a landlord has more power over someone desperate to find somewhere to live has more power over someone who can pick and chose, and can therefore charge more in rent. so i agree its greed, but its also about power.
11 Dec 12
in the first sentence "poor" should read "power".
@mythociate (14758)
• Oklahoma City, Oklahoma
11 Dec 12
That's what I hate about 'being imprisoned' the way I am (not "in a prison," but rather 'unable to buy things on the `Net and unable to travel easily enough to buy things from competitors instead of the first seller I see'). Because 'competition over me' would help me do my part to keep prices down, but I don't have the choice of 'here or the competition'---for me, it's either 'buy here' or 'go without'; and sellers don't feel much pain in losing me as a customer.
11 Dec 12
yes. shopping for the cheapest item, even when there are several different shops to chose from is very hard. i have one shop i use most, and it plays games with the customer, and it reduces the price of something not selling well for a while, then if it sells more at the lower price, they put it back up again, but not to quite as high as it was before. i bet they have a computer that helps them. but its like a game, and i go there quite a lot, so i have to play a game too where if they raise the price of something too much i don't but i any more. but its hard work, and the trouble a lot of the other customers are quite young, and don't really notice how the prices change. i worked out i could do this when i saw a couple old people looking at the price of loose vegetables in a supermarket, and complaining how the price had gone up, and i thought to myself if everyone did that it would make a difference. but they don't.
@mariaperalta (19096)
• Mexico
20 Nov 12
Not sure where you are.. but here in Mexico its just plain greed. Products and services here cost as much or more than in the usa. But in the usa a worker who works 40 hrs a week makes at least 280.00. Here its 75.00 dollars. So here in mx its all about greed. So sad.
@mythociate (14758)
• Oklahoma City, Oklahoma
20 Nov 12
Oh, it's greed here in America too ... how do you think we got it UP to $280 (which still sounds like a very-low-paying job to me)? Does Mexico have a 'democracy' too (America doesn't really have one, but the people have increased 'Freedom of Speech'---if they don't like something, they're freer to say so without worrying too much about consequences).
• Tucson, Arizona
21 Nov 12
Just to play devil's advocate, here-- "greed" is an abstract concept. If you judge your "time" spent doing anything as "worth" 100.00 per hour-- you are free to do so-- and others may, or may not, choose to validate YOUR self-perceived worth at the level you do, by either paying you that value, or not. And you are free to do likewise. Who are you to decide MY concept of my worth? I can choose to look at YOUR definition of your worth, and accept that definition-- or not. And you can do the same with me. If I judge my worth to be 100.00 per hour-- and I choose to KEEP that money someone pays me, for myself-- this is MY moral choice, along with all the consequences attached to that choice-- just as it is for you. If I choose to give away half of that-- and I have before, far more than half-- that is also MY choice. if you choose to buy someone's time, at the price they fix for that time, then you are in a poor position to complain they are "greedy". YOU ALLOW THEM TO BE GREEDY, UNDER YOUR DEFINITION OF GREED-- whatever that definition may be. If I told you Exxon made 7 Billion dollars last year, net--well, you might think they were "greedy". But if you then researched the FACTS, you would discover their profit margin is around 7%--93% of their collective "time" was given to others either voluntarily, in the form of wages, research and development costs, or taken from them through regulation-- taxes, operating permits, etc. So, in this case--I guess Exxon is "greedy" because they kept 7% of their collective Time. Gee-- How much of your "time" do YOU keep? If you run an information business--probably 30% or so, sometimes more. If you run a Mc Donalds, or any other restaurant--15% if you are lucky. If you run a farm, 9% or so-- if you are very lucky. If you own Walmart.. somewhere between 11 and 14%. Would you consider that greedy? Really? My time, by the way, is worth about 40.00 per hour-- and people buy it willingly and thank me for providing it. But after taxes (self-employed people pay a lot) and savings, and servicing debt, and paying for other people's time-- my net profit margin is about 9%. I don't think I'm greedy, under my definition
• Tucson, Arizona
21 Nov 12
And Maria-- In Mexico, this is caused by both government manipulation and devaluation of currency, and an exploitative corporate environment. You are experiencing both inflation and deflation-- your money is inflated-- therefor it buys less than it used to. And because people can't afford to buy, business doesn't make money-- and can't pay for services, or chooses to pay as little as possible-- and have to lower prices eventually, to sell at all. Greed is present, of course-- but greed based economies don't survive, and greed based businesses don't survive either. Look at Hostess, here-- The greed of the Unions, and the executives, ate up all the PROFITS. and without profit, you can't pay people, or produce merchandise, or sell merchandise-- and you have no business left. The greed of individual executives, and the greed of a collective union, killed the business for everyone.
@UmiNoor (3477)
• Malaysia
21 Nov 12
So you're saying that the middlemen are to blame for the inflation that is plaguing our society? I guess this is one of the reasons for inflation. This is the reason why we need a healthy competition in the market. Without a healthy competition then there will be a monopoly and these monopolists can put a price on a product any amount that their greed would dictate. And we the consumers are the ones that will suffer.
@mythociate (14758)
• Oklahoma City, Oklahoma
11 Dec 12
Looks like a good reason to 'Escape the USA' (I learned from a site that sells information on a 1st-World country where EVERYTHING is paid-for IN CASH ... so 'worth' isn't such a slippery variable).
@justhere (229)
• United States
11 Dec 12
It's supply and demand. There is the demand is low because of the economy. The thing I think that will solve all of this it hire people to work. The way it's supposed to work if the supply is low and the demand is high the prices goes up, and if the demand is low the prices will drop. But the demand is low and the prices is not dropping. Sometimes in the e-book world there is a saying that if the price is low people think the product is not good. So they feel that the higher the price the product is the greatest. I don't like those type of e-books anyway they don't tell you anything anyway, just more things to buy to get 6 figures like that person is claiming to make. I feel the word-of-mouth is what generate cash now-a-days. If a person loves what you produce and pass it on then it keeps going not how much the price of things are today. That's my opinion anyway.