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Los Angeles Times
Los Angeles Times
Business
Michael Hiltzik

Michael Hiltzik: The big contributors to inflation you're not hearing about: profiteering corporations

Here's an inflation remedy you're not hearing much about: Reduce corporate profits.

If that sounds like a drastic, even radical idea, the reason may be that economic commentators and news pundits have been fixated on the role of higher wages in driving inflation higher.

As I reported recently, an argument is even being aired that the solution to inflation is to drive the unemployment rate higher.

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