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The Economist

“Greedflation” is a nonsense idea

Inflation is not caused by corporate greed, but by economic policy mistakes and war, according to an article. Blaming companies is to confuse cause and effect, and policymakers need to correct excessive stimulus.

Inflation is the result of economic policy mistakes and war, not corporate greed.
Blaming companies for inflation is to confuse cause and effect.
Companies raised prices in response to shortages, which is defensible and desirable.
Monetary and fiscal policymakers need to correct the error of excessive stimulus.
Workers suffer when policymakers let inflation run out of control.

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