Greedflation will probably prove to be a brief moment in history – two years, possibly three, when corporations jacked up prices above and beyond the extra costs they faced, while most people were more concerned with the pandemic and later the Ukraine war.
Brief it may be, but history won’t be kind if we ignore the importance of greedflation, as most economists and policymakers have done so far.
That’s because companies sneaking through mega price rises using the war and the pandemic as cover are stealing everyone’s incomes. They are 21st-century war profiteers and should be recognised as such.
Just as all the data is coming through to prove that greedlfation isn’t actually a thing this is the hill that Inamn decides to die upon.
Vry well done that man.