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Can Corporate Greed Really Explain Inflation?

20 snips
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.
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