A Response to People Calling for Antitrust Actions and Price Controls to Combat Inflation
Great post. Much appreciated.
Amazing stuff. Thanks for the read!
Terrific post. Thanks for bringing rationality to the debate
Great article and write up!
Do you think this is generally still true now in 2023?
I've read a bunch on 'greedflation' being fake, and I have to admit there is something about it that just isn't quite adding up. If we say the Price of a widget is COGS + Profit, and if (generally) profit margins have risen greatly in the past 2-3 years(https://fred.stlouisfed.org/series/A053RC1Q027SBEA), how does that increase in corporate profits NOT contribute to inflation?
I read the below paper by Stiglitz and he makes a very convincing argument for most of the inflation being supply-side, and says corporate profits contributed but kinda glossed over the details. https://rooseveltinstitute.org/wp-content/uploads/2022/12/RI_CausesofandResponsestoTodaysInflation_Report_202212.pdf
*PSA this very well might just be me being stupid!