Who’s Really Responsible?

Robert Reich, writing in The Washington Post:

Corporations have been more willing to exercise monopoly power over the past year because inflation has given them cover to do so. While telling retailers and consumers they have no choice but to raise prices because their own costs are rising, they’ve been raising prices higher than their rising costs in order to expand their profit margins.

So the next time you hear or read someone saying that Biden has been the cause of inflation, remember the role of major corporations in raising the prices of nearly everything.