Politicians seem to be conveniently ignoring who’s really responsible for the inflation crisis

"But are corporate profits even really to blame for the rise in inflation? In short, no. High profit margins do not cause, and are often not correlated with, high inflation—and the jump in profit margins is not particularly large. Would antitrust actions help reduce inflation? In the short run it is possible, but not by any significant amount. The items experiencing idiosyncratic price increases due to the pandemic are mostly not in monopolistic or oligopolistic markets. And would price controls be a useful tool in combatting inflation? Not at all."


Bureau of Labor Statistics analysts.

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