Shocking I tell you just shocking.
A Kansas City Fed report released today finds that corporate price markups accounted for over half of 2021's inflation. Markups grew by 3.4%, amounting to 58% of total inflation. The same year, U.S. corporate profits surged to their highest level since 1950.

Jan 14, 2023 · 3:47 AM UTC

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Replying to @marwilliamson
Just plain false. But Dems will push this misinformation.
Replying to @marwilliamson
In your take government would control everything. As if the pure incompetence and bureaucracy would be great at controlling every aspect of life.
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Replying to @marwilliamson
Inflation, 40yr high..Corporate profits, 70yr high...
Replying to @marwilliamson
I don't think it's that shocking. Horrifying perhaps, yes, but not 'shocking.' 🫤
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Replying to @marwilliamson
Fed uses interest rates to punish outlier entrepreneurs, & workers that managed to eke out a minwage gain, while further concentrating wealth into the hands of the self selected few. A trifecta. Both DEM & GOP made their cred fighting the Fed of their time. ~Coalition Party.
Replying to @marwilliamson
Meanwhile…
What's in the garage, Joe?