Stimilus..

 

Congresswoman Alexandria Ocasio-Cortez (D-NY) told Yahoo Finance in an exclusive interview that corporate "price gouging" has fueled inflation, placing the blame largely on dominant companies that hike prices and rake in profits without fear of competition. 

She strongly rejected claims that government stimulus in response to COVID-19 has caused the price spike, warning that such a diagnosis of the problem could lead to spending cuts with dire consequences for millions of people dependent on federal support. 

Ocasio-Cortez, a critic of corporate power since she joined the House in 2019, called for policy action on antitrust enforcement and worker protections as a means to address inflation. 

Economist Larry Summers, former Treasury Secretary under Bill Clinton and director of the National Economic Council under Barack Obama, has also pointed to pandemic-related government stimulus as a driver of inflation and criticize the antitrust notion as a Non economical principle in fighting inflammation. He also criticized what ignorance of ignoring economics and proceed with massive spending.  Just an"Non Economical" thought.