Robert ReichLast quarter, American corporations took home about 10% more than they did the same time a year ago.
Folks, price gouging is driving inflation, not wages or government spending.
TylerJWhit@rbreich Government spending certainly increased inflation alongside price gouging.
Steve Popovich@TylerJWhit @rbreich that's what the Fed says; of course, they are the ones who admit that they are trying to drive up unemployment to stop wages from rising, so in my opinion, one has to take their statement with a grain of salt, as inherently corporatist.
@sspopovich @rbreich bias against the Fed isn't sufficient evidence to discredit the notion that COVID spending increased inflation.