For months, progressives have sought to frame inflation as being the result of corporate greed. Politicians like Sen. Elizabeth Warren (D-MA), backed up by news “analyses” echoing the same point, argued that high corporate profits were the smoking gun that proved that businesses were using “inflation” as a cover for driving up prices simply because they wanted more money. This vague finger-pointing even took shape in the form of a messaging bill aimed at oil “price-gouging” that would have done nothing to bring down high gas prices.
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