Why ‘blameflation’ is not the answer to runaway pricing ...Middle East

The year-to-year inflation rate in the U.S. reached 8.6 percent in May, the highest since 1981. Politicians have been slow to act to combat inflation, but they are quick to assign blame on companies, calling it “greedflation.” The message here is clear: Companies — mostly monopolies — are price-gouging consumers, and that is why we have the 41-year high inflation rate. As evocative as the term is, “greedflation” is nothing but “blameflation,” which happens periodically when the U.S. economy, politicians, or both are in trouble. Blameflation does nothing but distract the country from the real issues — and real solutions. Blaming companies is appealing precisely because it is belie

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Why ‘blameflation’ is not the answer to runaway pricing ...Middle East

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