Post-Pandemic Rate Of Inflation Declines For The Fifth Straight Month After Peaking In June

Update to The Inflation Rate Is Gradually Coming Down From ‘Peak Inflation’ In June (excerpt): The U.S. hit post-pandemic “peak inflation” in June 2022, and the rate of inflation has been steadily coming down on the backend of the inflation peak. If this steady decline continues at the present rate, by this time next year … Read more

Economics Needs New Terminology For Today’s Inflation: ‘Greedflation’

Lydia DePillis in an op-ed at the New York Times explains, Is ‘Greedflation’ Rewriting Economics, or Do Old Rules Still Apply? There are few good things about living through a period with the highest inflation in four decades, but here’s one: It’s a chance to re-examine what happens in an economy that’s gone haywire. Since … Read more

Democrats’ Plan To Deal With Baby Formula Shortage; Republicans Only Want To Starve Immigrant Babies In U.S. Custody

Update to Oligopoly In Baby Formula Production Leads To Shortages, Republicans Want To Starve Babies In Immigrant Detention. This point cannot be emphaisized enough: Republicans have NO PLAN to address the baby formula shortage caused by the oligopoly in baby formula production. They’ve got nothing! Zero, zilch, zip, nada – nothing! The Republican Party is … Read more

Oligopoly In Baby Formula Production Leads To Shortages, Republicans Want To Starve Babies In Immigrant Detention

The latest scandal du jure is a baby formula shortage. And what is the cause of this shortage? Fortune explains, America is running out of baby formula because 3 companies control the market and babies aren’t that profitable: A baby formula shortage gripping the U.S. since March has parents in a panic over where and … Read more

Price Gouging By Greedy Wall Street Corporations Is The Main Driver Of Inflation

The April jobs number came out last week and showed continued strong job growth. The New York Times reported, Job Growth Shows Continuing Vigor of U.S. Economy: The U.S. economic rebound from the pandemic’s devastation held strong in April with another month of solid job growth. Employers added 428,000 jobs, matching the previous month, the Labor … Read more