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[Hide] (48.9KB, 946x503) Dear new people entering the board. Let's discuss basic economics.
#1 - Price Inflation is caused by printing loads of money. Not because of "corporate greed." Nearly every money supply metric showed an enormous increase in 2020, and its taken time for that absolutely insane monetary inflation to hit the rest of the economy.
#2 - Even if one country can produce everything more effectively (they have an "absolute advantage"), they still have an economic incentive to trade due to the opportunity costs in producing one product over another. This concept is known as "comparative advantage." This is why criticism against "dumping" doesn't make sense.
Thank you for your attention.