Now that capitalists have to face the fact that their hope that inflation was temporary was an illusion, it’s on to a search for scapegoats. Some say the farmers are greedy while others say it is the consumer’s fault. What is missing among their excuses is the billions of dollars of free money pumped into the economy which capitalists are hoarding, rather than spending. In addition, these explanations ignore the fact that capitalists are simply raising prices to try to make up for losses of profits due to COVID.
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