On this week’s episode of Lever Time: After corporate pundits spent the last year gaslighting the American public into believing that rising corporate profits were definitely not driving inflation, now economists and financial institutions are arriving at consensus that rising corporate profits are in fact driving inflation.

David Sirota sits down with Lindsay Owens, the Executive Director of the Groundwork Collaborative, and Hal Singer, the Managing Director of Econ One, who have both been sounding the alarm for over a year about corporate price gouging and profiteering which have been driving inflation. The group digs into the origins of the false inflation narrative, which corporate pundits and beltway economists are most responsible, and how policymakers can push back.

A transcript of this episode is available here.

Links:

• How Pundits’ Inflation Myth Crushed The Working Class (The Lever, 2023)
• The Real Inflation Problem: Corporate Profiteering (Groundwork Collaborative, 2022)
• With the New Consensus on How Profits Are Driving Inflation, We Must Pivot to New Policies (The Sling, 2023)

BONUS: Next Monday's bonus episode of Lever Time Premium, exclusively for The Lever’s supporting subscribers, will include our interview with Tara Raghuveer, the campaign director for the People’s Action Home Guarantee campaign, to discuss the skyrocketing rent prices across the U.S. Tara explains who’s profiting off rising rents and what policies can be put in place to help renters.

If you'd like access to Lever Time Premium, which includes extended interviews and bonus content, head over to LeverNews.com to become a supporting subscriber.

If you’d like to leave a tip for The Lever, click the following link. It helps us do this kind of independent journalism. levernews.com/tipjar