Inflation myths only benefit the rich.
by Rick Perlstein, In These Times
“The people cannot be all, and always, well informed,” Thomas Jefferson wrote in a letter in 1787. “The part which is wrong will be discontented in proportion to the importance of the facts they misconceive.”
When it comes to the very important subject of inflation, Jefferson couldn’t have been more on the money. Our discontents are largely driven by misconceptions. The American people, for example, have been trained to believe that inflation is Joe Biden’s fault — or maybe even their own fault, triggered because they have too much spending power.

The truth is that inflation is largely due to corporate greed.
Since you read radical media like In These Times, you already know all that. You might even have hope, because you’ve been learning why the mainstream understanding might soon change.
There’s a stereotype, and sometimes it’s even true, that leftists are so wrapped up in ideology that they don’t provide an accurate picture of reality. When it comes to today’s inflation problems, however, the Left has just been saying what’s objectively true, while the establishment sounds like a bunch of loons.
Recent Posts
Tensions In Latin America Rise As U.S. Threatens Venezuela & Colombia
October 22, 2025
Take Action Now “There seems to be a much bigger political context behind this than really going after drug traffickers, which seems to be … not at…
Still No Jobs Report, But The Labor Market Doesn’t Look Good
October 22, 2025
Take Action Now Donald Trump has made it clear he doesn’t care about rules and norms. We can assume that he has seen the report, and based on its…
Victims Without Victimizers
October 21, 2025
Take Action Now How Corporate Democrats Led to the Trump EraBy Norman Solomon, Tom Dispatch The human condition includes a vast array of…
Teachers Scrambled After ICE Released Tear Gas Outside A Chicago Elementary School
October 20, 2025
Take Action Now Chicago teachers said they’re dealing with traumatized students in underfunded schools — while the Trump administration spends…