Joe Biden’s odd but revealing claim about inflation ...Middle East

Joe Biden brandished a brand-new claim in his recent talk about the wonders of the Inflation Reduction Act: “Now, one reason we’ve seen inflation fall by two thirds without losing jobs is corporate profits are coming back down to earth. The excesses are being eliminated by the corporations.” In other words, “excess” company profits are dropping, and that has brought price increases under control. By Biden’s logic, if Corporate America went bankrupt, the economy would really be humming.   Hasn’t anyone ever explained to Joe Biden that it is profits that lead to investment, to productivity gains and to higher wages? Apparently not. Biden thinks inflation stems from corporate greed,

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