The ‘Corporate Greed’ Canard and the ‘Greedflation’ Myth

The engine that has been driving prices higher (and the purchasing power of our currency lower) is not “greedy corporations,” but Uncle Sam and the Fed.

Twenty dollar bills are counted in North Andover, Mass., in a file photo dated June 15, 2018. Elise Amendola/AP Photo

Commentary

The many union-backed, pro-Democratic Party emails that my cousin has been sending me bewail “corporate greed” and “greedflation.” Somewhat surprisingly, President Joe Biden kept those words out of his State of the Union address. Don’t be surprised, though, if they pop out of his mouth on the campaign trail this year. Progressives/Democrats perennially employ anti-corporation demagoguery as a political tactic.