Corporations say they were forced to raise prices. But profits increased at a faster rate than costs — and hit a record high in 2023. News flash: Corporations are using inflation as cover to get rich.
They said it was transitory. They wouldn't raise rates go ahead and buy long term bonds. Now, let me get this straight it is illegal to boast about your company to garner investment like @elonmusk did when he talked about his company but if your the fed it's alright? I mean it's really no different its investment advice through and through.
@RBReich @PlannedTheRide Too bad the MSM won’t tell viewers that in their skewed polls designed to blame Biden instead of corporations
@RBReich "monopoly" Someone tell this old man about coca cola, maybe he already had altzheimers by the time it was invented 🤣
@RBReich You keep spewing the same lies and with no sources. Nothing but your word. Nothing you say is remotely close to being true. Prices almost always follow inflation. An economist would know that. IT does them no good to artificially raise prices.
@RBReich NEWS FLAH ; Bobby Riech used students as a cover to get rich. Charged as much for one class as most professors made a week. No wonder he was so vocal about using our tax payers money to pay off student debt.
@RBReich If you ever sell a home will you sell it for what you can get for it? They are raising prices because they can, so why don't people not buy or buy from others, because the others are also raising prices because of supply and demand. Too much $ chasing too few goods.
@RBReich "and hit a record high in 2023." Is that a record high in real dollars and adjusted for population growth?