From Investing.com: 2024-05-28 06:04:00

The recent surge in inflation is not due to corporate greed, but rather a result of supply and demand imbalances caused by the pandemic and economic shutdowns. The increase in prices is a direct consequence of shutting down the economy and sending stimulus checks to households, increasing demand while supply was limited. Economist Milton Friedman warned that inflation is a monetary phenomenon caused by governments printing money. Corporations are raising prices to cover increased costs and maintain profitability, as they respond to changes in demand and supply. Government policies, such as minimum wage hikes, also contribute to inflation. Ultimately, inflation is not driven by corporate greed but by monetary and government policy decisions.



Read more at Investing.com: No, Corporate Greed Is Not the Cause of Inflation