Inflation Explained: The REAL Reason Prices Are Going Up The Class Room Ep. 2

[turbinetree]

[House of Roberts]

1. I listened to the video,

but what I didn't hear were FACTS refuting the claim by the Oppressor class media that government 'handouts' put more aggregate demand into the economy than would have resulted with no handouts and no covid job losses. By FACTS, I mean actual numbers in an apples to apples comparison.
Larry Summers was on Fareed Zakaria two Sundays ago whining about the inflation resulting from the 'free money' given to people during the pandemic. He, despite being a Harvard economics professor, didn't bother with quoting any real numbers to back up his weak assertions.

[Red Pest]

2. I am shocked to find corporate greed is driving inflation and

That 1) the Republican Party is using this and 2) much of the media promotes this falsehood. To be sure the information is out there, but it is usually mentioned as a quick aside with no follow up. Remember that the various corporations that own the news media make much of their money through advertising. So if advertisers have more money to spend on advertising does anyone expect the media bosses to ignore the increased revenue that they profit from?

A little close reading of the business sections in various newspapers quickly reveals all of this.

[ShazamIam]

3. Price gouging provides two benefits, fatter profits & the war against raising the federal min wage.