Is corporate profits causing inflation?
There are two commonly-accepted aspects of economics that determine prices: supply and demand. But some say a third factor is companies’ pursuit of increased profits in the midst of supply-and-demand chaos stirred by war and pandemic. Correspondent David Pogue talks with former Treasury Secretary Larry Summers, former Labor Secretary Robert Reich, and economist Mike Konczal about the legitimacy of corporate avarice. Some call it “greedflation.”