The Greedflation hypothesis - EP186

<p>Economics Explored host Gene Tunny talks about the “greedflation” (greed + inflation) hypothesis with his colleague Arturo Espinosa from Adept Economics. They discuss whether greedy corporations might be responsible for high inflation rates in advanced economies such as Australia and the United States. Gene talks about how the excessive fiscal and monetary stimulus during the pandemic has been a major contributor to higher inflation. </p><p>Please get in touch with any questions, comments and suggestions by emailing us at <a href="mailto:contact@economicsexplored.com">contact@economicsexplored.com</a> or sending a voice message via <a href="https://www.speakpipe.com/economicsexplored">https://www.speakpipe.com/economicsexplored</a>. </p><h3>What’s covered in EP186</h3><ul><li>[00:01:28] Australia's high inflation rate.</li><li>[00:06:57] UK windfall tax on oil and gas companies. </li><li>[00:10:27] Greed inflation hypothesis. </li><li>[00:13:29] Markups as a contributor to inflation. </li><li>[00:16:20] Industry concentration and inflationary pressure. </li><li>[00:21:11] Inflation outbreak and COVID stimulus relationship. </li><li>[00:25:45] Problems with Covid stimulus. </li><li>[00:27:58] Excessive stimulus and inflation. </li><li>[00:32:35] Corporate power and antitrust.</li></ul><h3>Links relevant to the conversation</h3><p>Greedflation articles:</p><p><a href="https://www.afr.com/policy/economy/blaming-inflation-on-greedy-business-is-a-populist-cop-out-20230417-p5d0zq">Blaming inflation on greedy business is a populist cop out</a></p><p><a href="https://australiainstitute.org.au/report/profits-and-inflation-in-mining-and-non-mining-sectors/">Profits and Inflation in Mining and Non-Mining Sectors | The Australia Institute's Centre for Future Work</a></p><p><a href="https://theconversation.com/underlying-australias-inflation-problem-is-a-historic-shift-of-income-from-workers-to-corporate-profits-200700">Underlying Australia's inflation problem is a historic shift of income from workers to corporate profits