In the wake of the release of the latest Consumer Price Index data showing an untenable seven percent year-over-year inflation rate, self-proclaimed “policy wonk” Senator Elizabeth Warren has identified the problem. It’s not two straight years of extravagant deficit spendingand Federal Reserve actions that have contributed to an unprecedented spike in the money stock over the past year. No, it’s those greedy grocery stores gouging prices.
According to Warren, the grocery industry is dominated by a small group of grocery stores like Kroger that can choose to “force” price increases onto Americans just to fatten their coffers. Only through antitrust action, Warren contends, can this sinister cabal be brought down.
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