We often hear the cry that those greedy corporations are raising prices and causing inflation. If they would only bite the bullet and stop raising prices all would be well. They even have a name for it "greedflation".  As recently as April 27th 2023, Bloomberg published an article entitled ECB (The European Central Bank) Wakes Up to Greedflation as Key Culprit in Price Struggle. The article tells us that French politician and President of the European Central Bank Christine Lagarde blames "corporate margins" for inflation. Today's article looks at the problems with that view. ~Tim McMahon, editor Private Corporations Don't Cause Price Inflation. Governments Do. By Daniel … [Read more...]