Inflation provides corporations with an opportunity where consumers are being conditioned to accept rising prices. And so they can get away with raising prices beyond some sort of like necessary quote unquote rate caused by their own rising costs, either in terms of intermediate goods or labor. Then the fact that they hold monopoly power means that they won't have competitors undercutting them and offering comparable goods at a lower price.
Featuring historian Tim Barker on the state of monetary politics amid the current fight over inflation.
Check out my July 2021 interview with Barker if you want a more expansive primer on inflation thedigradio.com/podcast/inflation-politics-with-tim-barker
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