Marc Lavoie On Recent Controversies On Inflation

There’s a new talk (from 22nd February) by Marc Lavoie (available on YouTube) on the recent controversies on relatively high inflation in recent times in North America.

Marc had already talked on this before.

Profits vs profits margins vs costing margins.

The above screenshot summarises Marc Lavoie’s points. The discussion appears around 16:00 in the video.

Lots of left-leaning economists have claimed the idea of profits being the source of high inflation. An example is a recent paper by Isabella Weber (and Evan Wasner) who claim that under conditions of supply constraints, firms can hike prices.

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