❖ New research from the Federal Reserve Bank of San Francisco raised a new view on the greedflation theory.

❖ Some inequality is actually beneficial, since it acts as an incentive to entrepreneurs to start businesses.

❖ Greedflation is a scenario where inflation in an economy is driven by corporate greed to make a profit rather than an increase in the cost of production, demand, or wages.

❖ Inflation is the rate at which the general price level of goods and services rises in an economy.

❖ Greedflation occurs when corporations exploit existing inflation by raising prices far beyond their actual input cost increases