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The mystery of rising prices. Are greedy corporations to blame for inflation?
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The mystery of rising prices. Are greedy corporations to blame for inflation?

Stacey Vanek Smith
NPR, 2022
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While the Federal Reserve focuses on restoring price stability in the US economy, what is less clear is how inflation reared its ugly head in the first place. Correspondent Stacey Vanek Smith explores the current inflationary environment and its possible underlying causes, including excess government spending, the Fed’s accommodative monetary policy during the COVID-19 pandemic, geopolitical instability and corporate greed. Anyone concerned about inflation turmoil will find some valuable insights in this informative report.

Take-Aways

  • The US economy is in the grip of inflationary pressures not seen in decades.
  • Record-high company profits in 2022 point to corporate greed as a possible culprit.
  • Consumer demand also plays a part in fueling high prices.

About the Author

Stacey Vanek Smith is the co-host of NPR’s The Indicator from Planet Money and a Planet Money correspondent.

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