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
These Veterans Starved Themselves To Protest The War In Gaza
July 8, 2025
Take Action Now As food in Gaza becomes increasingly scarce, activists are pushing their bodies to the limit in solidarity.By Emmet Fraizer, The…
ICE Agents Are Terrorizing Los Angeles With Brutal Tactics
July 8, 2025
Take Action Now ICE agents have established a pattern of brutal use of force in immigration raids.By Jonah Valdez, The InterceptSince June 6,…
Talk World Radio: India Walton On Zohran Mamdani And Freezing Out ICE
July 7, 2025
Take Action Now India Walton, former Democrat nominee for mayor of Buffalo, NY, discusses Zohran Mamdani and the race for NYC mayor and how to deal…
How Climate Change Is Worsening Flooding And Heavy Rainfall
July 7, 2025
Take Action Now The latest science on the link between climate change and natural disasters — and how they may be playing out where you live.By…