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federal reserve

30 Nov

The Greedflation Hypothesis—are corporations price gouging struggling Americans?

Stacia Wilson0 CommentsArticles, Economicscorporate, corporations, economics, economy, EPI, fed, federal reserve, inflation, Katie Porter, price gouging, profits, windfall profits

This year inflation in the US reached the highest rate in 40 years. Are corporations using the cover of inflation to increase prices and make windfall profits on the backs of struggling Americans? Why does whether this hypothesis is true or not matter so much in the current political landscape? https://twitter.com/ZhiZhuWeb/status/1582490041326059522?s=20&t=hT-qqvBlcmdyu9XOcMZ2cQ What is Inflation and Greedflation? Inflation is a measure of how much the price of goods and services has increased over a period of time. Consequently, it means each dollar is able to buy less, and thus is worth less. A simple maxim by economist Milton Friedman states that…

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