Some say corporate greed is the root of inflation
Critics say companies are raising prices more than necessary to offset rising costs, boosting profits while using supply problems as a hedge.
- Left-leaning think tanks and lawmakers say rising prices are making inflation worse.
- They cite record corporate profits despite rising costs expected to dampen profits.
- Conservative economists argue that these arguments ignore the fundamental laws of supply and demand that now plague the market.
But think tanks and lawmakers on the left are increasingly pointing to what they say is an even bigger culprit: corporate greed.
Companies, they say, are raising prices more than necessary to offset their rising wholesale costs, boosting profits while using supply problems as a hedge.