3min chapter

The New Liberal Podcast cover image

Can we hit a Soft Landing? ft. Joseph Politano

The New Liberal Podcast

CHAPTER

Oil Company Greed - Is That Really the Story of Inflation?

The story of inflation mostly fails from this idea that companies generally are reactive. They're raising lowering prices based on mostly calculated judgments about the state of the economy. I think people have like kind of wildly overblown how important it is for some sectors, you know, in the oil case,. But the primary driver of high oil prices in late 2021 was arguably not even OPEC. Nobody's been greedy in Japan for several decades now.

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