YOUR LETTERS: Most explanations for inflation miss the point

While the prices of everyday goods are going up, we’ve heard a dizzying array of explanations for inflation.

  • Republicans are blaming Biden’s policies for putting too much money into the hands of working families.
  • Corporate leaders are blaming workers that want better pay and working conditions. 
  • Economists blame consumers’ expectation of inflation as a self-fulfilling prophecy altering consumer attitudes and behavior.
  • Even Biden administration officials have blamed supply chain disruptions caused by the pandemic.

All of them are purposefully missing the truth: Corporate America has seized on the fears of inflation to jack up prices on you and make a ton more money.

FAIZ SHAKIR
Co-founder More Perfect Union

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