Understanding "Greedflation"

Published: June 14, 2023, 4 p.m.

b'

In late 2021,\\xa0Isabella Weber, an economist at University of Massachusetts, Amherst published a paper with a\\xa0new idea. The theory, what she called "seller\'s inflation," sought to address the confounding fact that the economy was seeing rising high prices\\xa0and\\xa0skyrocketing corporate profits. The idea\\xa0quickly moved from the halls of academia to the political arena. And quicker still, it was dismissed\\u2014at one point called a "conspiracy theory." But now, in 2023, "greedflation" is popping up\\xa0across headlines.\\xa0This week, OTM correspondent Micah Loewinger sits down with Lydia DePillis, a reporter on the business desk at The New York Times,\\xa0to talk about her 2022\\xa0article dissecting the arguments for and against greedflation\\u2019s impact on the economy, and everything that\'s happened since.\\xa0

'