Getting it together on inflation

This is really good, from a progressive perspective, on where the issue is at. My only quibble with it is, the first thing I'd like to see is the most egregious corporate players brought up on criminal charges (collusion, market manipulation).

It's worth watching, right now, as to whether Big Oil tries to use the pending hurricane in the Gulf of Mexico to run up gas prices in order to, along with shameless greedhead profiteering, influence the upcoming election.

Yet conservative economic theory, like that trumpeted by Friedman, still drives the story we hear repeated ad nauseam in mainstream discussions of inflation: increased wages and government spending are to blame. Only the Federal Reserve can beat inflation by ​“cooling” the economy. The government’s only role is to refrain from substantive spending.

Biden could have invoked executive powers to institute targeted price controls and invest in production, but he didn’t. Instead, the Federal Reserve is hiking interest rates, and the administration’s landmark social spending bill, Build Back Better, got whittled down and reframed into the Inflation Reduction Act, which includes some positive gains (like corporate taxes and reduced drug prices) but operates within the confines of conservative monetary justifications.

To articulate and fight for an alternative solution to inflation, we need to radically shift the economic discourse to the left. - In These Times