Pineapple Express: Someone Is Wrong on the Internet?

[payn]

When some pineapple haters show up, im just nope...nooope... nooooooope... Though it is kinda funny to see them go after each other.

 

[trappedslider]

Sorry @Umbran

 

[Dannyalcatraz]

When some pineapple haters show up, im just nope...nooope... nooooooope... Though it is kinda funny to see them go after each other.

Thank you, bromelain.

 

[trappedslider]

Thank you, bromelain.

So what killed him?
Pineapple
Like he was allergic or hit by one?
No

 

[billd91]

Well…not really. Both exist in any economy, but they’re not synonyms.

Inflation is an inevitable part of simple economic forces. It occurs even in the absence of greed.

I think it's a truer observation than not for instances that don't involve particular changes in production or material costs. Economists always say that prices rise when there's an increase in money in the economy (and certain groups in the economy always complain about too much government stimulus). But prices don't rise by themselves when there's more money floating about the economy - people raise them hoping to attract some of those extra dollars their way. And if it's not to cover their own rising costs (which would be covered by those particular changes in production or material costs), that's greed.

 

[Dannyalcatraz]

I think it's a truer observation than not for instances that don't involve particular changes in production or material costs. Economists always say that prices rise when there's an increase in money in the economy (and certain groups in the economy always complain about too much government stimulus). But prices don't rise by themselves when there's more money floating about the economy - people raise them hoping to attract some of those extra dollars their way. And if it's not to cover their own rising costs (which would be covered by those particularly changes in production or material costs), that's greed.

Inflation occurs whenever prices to create a good or offer a service increase, regardless of its nature.

Simply raising someone’s salary- be it a COLA or a merit based boost or even blatant nepotism- is inflationary.

And by definition, an earned boost in pay is not greed.

If a farmer’s costs of producing next year’s crop goes up due to a drought, flood, fungal infection, or safety regulations, that’s not greed.

Yes, there are all kinds of ways to manipulate markets. But, for the most part, only the biggest players can pull those levers for their long term benefits*. If you’re in a competitive market, you can’t really dictate prices, market demand will be a downward pressure on prices.

Going back to my days as an Econ major in the 1980s, my profs did a good job of pointing out how the American corporate compensation culture distorted markets as compared to similarly sized companies abroad. Some even testified at antitrust hearings in DC to oppose certain mergers. They predicted that excessive executive salaries & other practices would make those companies less able to weather major economic shocks and crises.

FWIW, several of the ones used as exemplars have since diminished on the world economy, been bought out by foreign competitors, or outright collapsed. And still, many major American companies have executive compensation structures at odds with their international counterparts.

(Not that there isn’t corporate greed abroad, but it’s less pronounced in most of the other top-tier economies.)




* Which is the core reason why antitrust laws exist AND need to be vigorously but fairly enforced.

 

[MNblockhead]

I don't know much about inflation, except that eating pineapple can make some people gassy, but also contains bromine which can prevent 'rotten egg gas.'

 

[Gradine]

I don't know much about inflation, except that eating pineapple can make some people gassy, but also contains bromine which can prevent 'rotten egg gas.'

Why would you want to prevent the funnest part?

 

[trappedslider]

 

[Ryujin]

You can't beat Groucho Marx or W.C. Fields for a one-liner burn, but this one is more in keeping with the season: