>>59616350
Inflation is a thing that exists. Your money simply loses value every year by virtue of existing. Banks create money by loaning "your" money out to people. It's a simple consequence of fractionary reserves not being 100%.
>Why is inflation always so happily accepted by the common folk?
Because most central banks run a 2-3% inflation a year target. People don't actually interface with inflation yet when it comes to anything financial it's a very real erosion of their purchasing power given that wages don't tend to keep up with it. But on the other hand if you wanted to end inflation by restricting fractional reserves to 100% you would have to start paying banking fees for account maintenance since the bank wouldn't have any other way of turning a profit. Most people simply prefer to not have to pay money to have a bank account so they're fine with not knowing that their money is technically being lent to other people and they might even be happy to get a paltry 0.2% interest on it in their "savings" account.
Price gauging has nothing to do with inflation even if it can be a catalysts for it. Hundreds of businesses need to come up with a price given how much more expensive their supplier's prices have become. Some are industry leaders and price setters and other just copy what the big guys do. Not only is it natural for the price to not be efficiently set but there's plenty of perverse incentives to set an higher price if you know that people can't live without your goods.
So no, people aren't happy about inflation, they're just unhappy when their cost of living goes up because inflation + price gauging + economic inefficiencies. Some vidya costing $70 has nothing to do with this however. The scope of most titles has increased substantially and so has the amount of labor that goes into making big titles. If you don't like the price then don't buy it and certainly never pre-order any games. No one forces you to buy the $100€ vidja that's digital only.

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>inb4 >>>/v/Why is inflation always so happily accepted by the common folk? I have never understood this. Whenever I see the price of…

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Why is inflation always so happily accepted by the common folk? I have never understood this. Whenever I see the price of…