Among “progressives,” government can never be the cause of problems; it can only be the solution. Conversely, private-sector action must always be to blame. They seem incapable of examining their arguments for possible flaws in reasoning. So when it comes to inflation, we get the sort of lazy thinking that Professor Don Boudreaux dissects here.
A writer seeks to explain inflation by claiming that it’s due to increasing corporate greed for profits. Boudreaux patiently rips that explanation to shreds.
Enjoy it, but remember it — we’re going to be suffering inflation for a long time, and this and similar statist attempts to show that it’s due to bad behavior in the productive sector will no doubt be heard over and over.