Inflation is an obvious problem in America right now. The cause, however, is little less obvious. We have a supply chain problem due to the pandemic, but we also have companies recording record profits, and one whole political party who would rather weaponize inflation than solve it. I’m no financial expert but when this many people are talking about the same thing, it’s important for us to at least understand the broad strokes so we’re dialed in and asking the right questions. If you’ve ever been confused by economics you aren’t alone, join me as we ...
Inflation is an obvious problem in America right now. The cause, however, is little less obvious. We have a supply chain problem due to the pandemic, but we also have companies recording record profits, and one whole political party who would rather weaponize inflation than solve it. I’m no financial expert but when this many people are talking about the same thing, it’s important for us to at least understand the broad strokes so we’re dialed in and asking the right questions. If you’ve ever been confused by economics you aren’t alone, join me as we break it down.
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Big thanks to Julia Lee Stander for her help with research this week.
Sources:
https://www.thebalance.com/what-is-inflation-357610
https://kids.kiddle.co/Inflation
https://www.businessinsider.com/corporations-using-inflation-as-excuse-to-reap-fatter-profits-reich-2021-11
https://www.nbcnews.com/business/economy/biden-nominates-jerome-powell-second-term-federal-reserve-rcna4696
https://www.forbes.com/advisor/investing/why-is-inflation-rising-right-now/
https://www.nytimes.com/article/inflation-definition.html
https://www.bloomberg.com/news/articles/2021-11-30/fattest-profits-since-1950-debunk-inflation-story-spun-by-ceos?utm_campaign=socialflow-organic&utm_content=business&cmpid=socialflow-twitter-business&utm_source=twitter&utm_medium=social
https://www.pbs.org/newshour/economy/ap-explainer-why-us-inflation-is-so-high-and-when-it-may-ease
https://www.theguardian.com/commentisfree/2021/nov/11/us-inflation-market-power-america-antitrust-robert-reich
https://www.reuters.com/business/meat-packers-profit-margins-jumped-300-during-pandemic-white-house-economics-2021-12-10/
https://apnews.com/article/latest-inflation-numbers-consumer-prices-616055db3bf67691b4fdc0015fc00783?utm_campaign=SocialFlow&utm_medium=AP&utm_source=Twitter
https://podcasts.apple.com/us/podcast/today-explained/id1346207297?i=1000542026490
https://podcasts.apple.com/us/podcast/kcrws-left-right-center/id73329771?i=1000541579199
https://robertreich.substack.com/p/unvarnished-truth-inflation
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