#DAOs, Price Gouging and #Bitcoin - (Chris Coney) WCSS:039

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Take a look at this:
Have you ever noticed that when you point the finger to blame someone for something (finger 2) there are three times as many fingers pointing back at you? (fingers 3, 4 and 5).
Now consider this tweet I just read by a U.S. Senator:
"Giant grocery store chains force high food prices onto American families while rewarding executives & investors with lavish bonuses and stock buybacks. I'm demanding they answer for putting corporate profits over consumers and workers during the pandemic."
Sen. Warren on Twitter
When I read this I applied my finger pointing model.
Instead of looking in the direction that they were pointing finger 2, I looked the other way in the direction that fingers 3, 4 and 5 were pointing.
https://twitter.com/ChrisConeyInt/status/1476572816380207109
As I pointed out in this tweet quoting Sen. Warren; price is nothing but the relationship between the value of the money and the value of an item.
Due to the laws of supply and demand, if demand for bread suddenly doubled, bread has suddenly become twice as valuable, people are willing to exchange twice as many dollars for it and the 'price' is simply a reflection of that.
But notice that 'price' does not really exist as a concept on its own. Price is the relationship between two items of value that are exchanged for one another.

And so, back to my tweet in reply to Sen. Warren. It is the unprecedented printing of new dollars that has dramatically increased the supply of dollars. And it is changing that side of the equation that naturally and automatically changes the thing that measures the relationship between dollars and food... 'the price'.
So we saw that ‘giant grocery retailers’ are to blame for the price gouging.
My question is why blame the retailer? What if they had to raise their prices because their wholesalers raised their prices?
And what if the wholesalers raised their pri..