Eric Levitz on "greedflation" vs. standard economics: "... in the realm of elite policy debates — where people with influence occasionally read and think carefully about competing arguments — wedding the left’s prescriptions for inflation management to an incoherent and unsubstantiated analysis of the phenomenon’s causes seems unwise. Doing so mostly serves to both distract from, and unduly discredit, heterodox proposals for combating price growth."
The ‘Greedflation’ Debate Is Deeply Confused
The left should promote progressive solutions to inflation, rather than making the dubious argument that corporate greed is the cause of post-pandemic price growth.
nymag.com