Ignore corporate media noise — this is what’s actually causing prices to rise, and what can be done about it.
This week’s Cheat Sheet cuts through corporate media noise about inflation and shows exactly what’s driving the phenomenon.
Give us five minutes of your time to read this new edition of Cheat Sheet, and we will give you all the facts you need to know what’s actually going on.
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The big difference is, in the 1950's the corporate tax rate was 90%.
While raising interest rates could lead to layoffs and a recession, I wonder if the threat of ever higher rates, which are harmful to corporations bottom lines, might cause them to ease off on the price gouging in hopes that the Fed stops the increase. Inflation should go down if the gouging stops. Just a wishful thought
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Another note to emphasize regarding lie #1 that government spending caused inflation is that inflation in European countries without a similar “stimulus” spending program in 2021 are also experiencing high levels of inflation about the same as the US level.