Posted on Dec 27, 2021
Episode 152 - Understanding Inflation with Fadhel Kaboub | Real Progressives
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Dr. Fadhel Kaboub is an Associate Professor of Economics at Denison University and President of the Global Institute for Sustainable Prosperity. He holds a Ph.D. in Economics & Social Science Consortium, 2006, University of Missouri – Kansas City; M.A. in Economics, May 2001, University of Missouri – Kansas City; B.S. in Economics, June 1999, with Distinction. Emphasis: Money & Banking.
Episode 152 - Understanding Inflation with Fadhel Kaboub | Real Progressives
Posted from realprogressives.org
Economy
Money
Economics
Posted 3 y ago
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This from the article:
"The second source of inflation, which is the most important, I think, and most neglected by the economics profession is what I call the abusive market power and price setting behavior of key players in the economy. Think of big pharma, think of the energy companies, think of companies that have high degrees of market concentration that allows them actually to set prices simply because they can, because there isn’t enough competition, because consumers don’t have a choice… "
The dangers of corporate conglomerates . . . the reason for laws against monopolies should also apply to corporate conglomerates. Spiraling into WWII in Germany there was excessive industrial influence and control of government.
Listening . . . to learn something about the nuts and bolts of economics.
"The second source of inflation, which is the most important, I think, and most neglected by the economics profession is what I call the abusive market power and price setting behavior of key players in the economy. Think of big pharma, think of the energy companies, think of companies that have high degrees of market concentration that allows them actually to set prices simply because they can, because there isn’t enough competition, because consumers don’t have a choice… "
The dangers of corporate conglomerates . . . the reason for laws against monopolies should also apply to corporate conglomerates. Spiraling into WWII in Germany there was excessive industrial influence and control of government.
Listening . . . to learn something about the nuts and bolts of economics.
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