#Inflation “Prices are not rising because of wages. They are rising because of supply shortages and price gouging by corporations and oil conglomerates. US corporations posted their biggest profit growth in decades by raising prices during the pandemic. Corporate pretax profits rose last year by 25 percent to $2.81 trillion, according to the Bureau of Economic Analysis. That’s the largest annual increase since 1976, according to the Federal Reserve. When taxes are included, last year’s corporate profit rose to 37 percent, more than any other time since the Fed began tracking profits in 1948.”

https://scheerpost.com/2022/06/20/hedges-the-triumph-of-death/