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A caricature of a top-hatted, cigar-smoking capitalist yanks a level shaped like a dollar bill, ejecting a disloyal legislator from a seat and placing another in his seat. Behind him, a line labelled 'inflation' in 1950s horror-movie font climbs to the sky. An editorial cartoon of Roosevelt as a club-swinging trustbuster straddles the line, making ready to bash the capitalist.

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A caricature of a top-hatted, cigar-smoking capitalist yanks a level shaped like a dollar bill, ejecting a disloyal legislator from a seat and placing another in his seat. Behind him, a line labelled 'inflation' in 1950s horror-movie font climbs to the sky. An editorial cartoon of Roosevelt as a club-swinging trustbuster straddles the line, making ready to bash the capitalist.
https://mamot.fr/system/media_attachments/files/107/729/045/772/267/956/original/29b5dfd97a574c9a.jpg

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Cory Doctorow's linkblog (pluralistic@mamot.fr)'s status on Saturday, 05-Feb-2022 08:15:48 UTC Cory Doctorow's linkblog

The majority of the public blames inflation on price-gouging. That's not surprising, because the CEOs of monopolistic companies keep boasting about their record profits even as they raise prices. If a company raises prices *and* margins, then we don't have an "inflation" problem, we have a price-fixing problem.
https://pluralistic.net/2021/11/20/quiet-part-out-loud/#profiteering
And yet, the majority of *economists* insist that this is impossible.
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In conversation Saturday, 05-Feb-2022 08:15:48 UTC from mamot.fr permalink