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My latest Medium column is "Weak Institutions: It's not a fair fight"
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Look at all the great stuff we lost because of inflation scare-talk: We swapped pandemic aid, new spending and minimum wage hikes for wage suppression and mass layoffs.
Call me a conspiratorialist, but when CEOs brag on earnings callsabout how covid, war, and #inflation scare-stories them hike prices and rake in never-before-seen margins, I think it's reasonable to blame inflation on greed, not on workers getting a couple of covid checks.
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If you'd like an essay-formatted version of this thread to read or share, here's a link to it on pluralistic.net, my surveillance-free, ad-free, tracker-free blog:
Amazingly, this is controversial! For more than a year, Very Serious People dismissed the #greedflation hypothesis - that CEOs aren't lying when they boast about using pretexts to hike prices - is a conspiracy theory used to dupe people who Just Don't Understand Economics.
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