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War Against Profits Is a War Against Prosperity

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War Against Profits Is a War Against Prosperity
U.S. President Joe Biden speaks during an event about lowering health care costs in the East Room of the White House on July 7, 2023. Drew Angerer/Getty Images
Stephen Moore
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Commentary

White House press secretary Karine Jean-Pierre recently reiterated a point the Biden White House has been making for the past year: that inflation remains high not because of the Biden $6 trillion spending spree but because “high profit margins” captured during the COVID-19 pandemic drive up consumer prices.

Stephen Moore
Stephen Moore
Author
Stephen Moore is a senior fellow at the Heritage Foundation, chief economist at FreedomWorks, and co-founder of the Committee to Unleash Prosperity. He served as a senior economic adviser to Donald Trump. His latest book is “Govzilla: How the Relentless Growth of Government Is Impoverishing America.”
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