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After today's 10th consecutive interest rate rise from the RBA, it's important to remember that it's excess corporate profits, not wages, that is driving the bulk of inflation. Without these excess profits, inflation would be about half what it is now. | The Australia Institute
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Repeat after me: Wages aren’t pushing up prices. Corporate profits are pushing up prices. Instead of raising interest rates and slowing the economy toward a recession, Congress and Biden should be taking aim at corporate price gouging. | Robert Reich
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Watch the video to learn more about how corporations and Congress influence inflation, why the Fed doesn’t have to take on rising costs alone and what it will take to normalize the U.S. economy. https://cnb.cx/3Wn4F0a | CNBC
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Watch the video to learn more about how corporations and Congress i…
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Report shows inflation up 5.8% in 2021
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