An In-Depth Look at the Causes of the Recent Inflation Spike

The following is an excellent conversation between Mike Moschos and me about the causes of the recent bout of inflation in the US.

Mike Moschos: Consolidation in the food industry is a big part of it, and the rest of it is from other parts of the same system that the concentration is a feature of.

Robert Reich has a reputation for being a leftwing or better a liberal economist, but he has spent his career being a public relations representative of that system.

He goes way back. During the very late part of its formative years in the the fist half of the 1990’s when it still could have been nipped in the bud.

I used to read the Economist and New York Times religiously as a kid. I read them from five to seven years backdated from when I began.

Reich was one of many on one side of the coin, who, along with the other side of the coin, told mutually reinforcing falsehoods - ideas that are actually really dumb, except that that we believe it.

For example, the “Republicans” (by that then alrea…