Over Half 2021 Inflation Caused by Corporate “Markups” — Says Federal Reserve Branch

Yet the problem is always portrayed as the poor having too much, and the “solution” will always be raising unemployment

Mitchell Peterson
6 min readMar 19, 2023
Image by Gerd Altmann from Pixabay

It doesn’t matter how many economists and analysts debunk our internalized economic tropes; they remain pervasive and persistent. It doesn’t even matter when conventional Nobel Prize winners themselves write papers explaining how the common narratives don’t reflect the data; falsities continue to be repeated ad nauseum.

Because the mainstream media, most economists, and politicians are not interested in the truth, they’re in the business of spreading narratives that deflect blame from corporations, their advertisers and direct anger at convenient half-truths to justify and maintain the status quo.

That is their role, and that is the role of our standard economic “doctrine” aka misinformation.

The first signs of increased inflation always leave talking heads shouting that peasants got too much “free money” from the government and workers have too much leverage, meaning regular people are spending too much money on gas, cartons of eggs, and used cars, causing prices to increase.

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Mitchell Peterson

Freelance writer who spent nine years outside the US, currently in rural America writing the Substack bestseller 18 Uncles.