Great post. Much appreciated.

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Amazing stuff. Thanks for the read!

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Jan 11, 2022Liked by Joseph Politano

Terrific post. Thanks for bringing rationality to the debate

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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!

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