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Good on Paper

Can Corporate Greed Really Explain Inflation?

Oct 29, 2024
Ernie Tedeschi, Director of Economics at Yale Budget Lab and former chief economist at the White House, dives deep into the complexities of inflation. He challenges the idea that corporate greed is the main culprit, exploring how COVID-19 reshaped supply and demand. The discussion reveals the significant surge in grocery profits, especially from store-brand products, while analyzing consumer perceptions of pricing fairness. Tedeschi emphasizes the need to view inflation through a broad economic lens rather than oversimplifying it to just greed-driven factors.
58:42

Episode guests

Ernie Tedeschi

Podcast summary created with Snipd AI

Quick takeaways

  • The significant rise in grocery prices, nearly 26% since early 2020, underscores the complexity of inflation beyond simple political narratives.
  • While 'greedflation' suggests corporate greed causes inflation, economic experts emphasize that this view oversimplifies the multifaceted nature of price increases.

Deep dives

Understanding Racial Healing

Racial healing aims to foster understanding among individuals by encouraging conversations about personal experiences and community dynamics. It emphasizes the importance of finding common ground to work towards achieving racial equity. The initiative is set to take place on January 21st, 2025, as part of a national effort by the W.K. Kellogg Foundation. This event is not just for specific communities but is designed for everyone to engage and contribute to creating lasting change.

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