Who Gets the Blame for Inflation

Who Gets the Blame for Inflation

January 18, 2022

Consumer prices rose 7.0% in 2021, the largest increase for any calendar year since 1981.  As a result, politicians across the political spectrum are working overtime to find someone to blame and attack.

Some politicians on the left are blaming "greedy" businesses for inflation.  But we find this explanation completely ridiculous.  Of course, businesses are greedy, in the sense that they're run by people who are free to maximize their earnings! 

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