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Monetary Politics w/ Tim Barker

The Dig

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The Politics of Price Control

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.

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