41-30A The Inflation Blame Game

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Today, CEOs of big corporations are playing the tricky “Inflation Blame Game!” Publicly, they moan that the pandemic is slamming their poor corporations with factory shutdowns, supply chain delays, wage hikes, and other increased costs. But wait – inside their board rooms, executives are high-fiving each other and pocketing bonuses. What’s going on?

The trick is that these giants are in non-competitive markets operating as monopolies, so they can set prices, mug you and me, and scamper away with record profits.

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