"The prices Americans are paying for groceries and other essentials are at all-time highs. One of the reasons?" asked Sen. Elizabeth Warren (D–Mass.) on Wednesday via Twitter. "Giant corporations are price gouging & reaping record profits. We need to put a stop to corporate gouging that drives up prices for families."
It couldn't be that runaway inflation—which has reached astonishing 40-year highs in recent weeks—is, according to Federal Reserve of San Francisco economists, partly attributable to President Joe Biden's mid-pandemic economic stimulus plans, which pumped money into the bank accounts of Americans with seemingly little thought given to what could result. In Warren's view of the world, it's corporate, not government, malfeasance that's leading to pocketbook pain for everyday Americans.
