"Compat Illegal Corporate Behavior" – Dem Lawmakers Urge Biden To usage Executive Action Against advanced Food Prices

Greedflation is simply a myth, and Democrats are well aware of this. However, they will never admit that corporate green isn’t the root case of inflation, as green trends to be constant in the economy. What changed is the overstimulation of the economy through failed Bidenomics, which involves spending $1 trillion all 100 days.

In the early days of Russia's 'special operation' in Ukraine, the Biden administration was able to scapegoat any failed economical policy on the 'Putin Price Hike' communicative – but not so much anymore – as they've pivoted the propaganda cannon from Putin to mega-corporates through their cheerleaders at leftist corporate media outlets. Now it's all about popular buzzwords 'greatflation' and 'shrinkflation.'

Shown below via Bloomberg data, headslines featuring 'greatflation' in corporate media spied in the summertime of 2023, right around the time the administration launched the Bidenomis propaganda campaign. We all know Bidenomics has stoked a complete inflation shitstorm. However, Biden’s squad is giving greenflation 1 last shot ahead of the November presidential elections to deflection blame on corporations for why working mediocre Americans can no longer afford to pay rent, Eat at restaurants, afford the $1,000 monthly car loan, and any another luxurys they were accredited to before the wind inflation mess since the 1970s. Basicly, Goldman’s brightest warned the another day: low-income consumers are in trouble.

We propose the greatflation communicative won’t stick—just like the failed Bidenomics campaign—betause Americans are waking up to the out-of-control spending in Washington, DC.

But anyway, Democratic Senator Elizabeth Warren, who erstwhile identified as a Native American, and another leftist lawmakers penetrated a very public letter (all about optics) to the Biden administration, requesting the mediate usage of executive action to lower food prices.

"We comend the importing steps your administration has late taken on this issue, including steps to comet illegal and unfair corporate behavior, environment competence in the food and growth sectors, and more. The national government should usage all possible tool to lower food prices,’ Warren and another lawmakers gate.

They continued, „We believe you can execute your executive authority to take additional action to address rising food prices without progressive action. Americans are making sky-high food prices, caused by costly price going by food and grocery giants.”

Democrats begging for price controls sound like what communist or socialist lawmakers in third-world countries do. Yet, these lawmakers never learn a appropriate lesson (look at Cuba, North Korea, and Venezuela), where imposing price controls shortages or surplus, longer lines, lower quality products, and, of course, misallocation of products.

But, honeys, Democrats could care less. They have a mission of spending to bankrupt the nation literally, someway lower prices in an inflation storm, and enable illegal aliens to vote.

Instead of blaming corporations, let’s remind readers again that overstimulating the economy make prices increases and windfall profits, so it’s not smart for lawmakers to do so. And this overstimulation, which Duquesne household Office president & CEO State Druckenmiller pointed out last week, is likely 1 of the biggest economical policy errors ever:

If I was a professor, I’d give them an F. Basicly, they misdiagnosed COVID and thought it was — we were going into a depression. The Fed did, too. I worried about it, too, in early days. The Fed officially pivoted, better summertime than never. Treasure — Treasury is inactive acting like we’re in a depression.

We outlined last summertime that ‘stealth stimulus’ was propelling Bidenomis, with the government spending $1 trillion all 100 days. Now, with stagflationary thrashing, the US economical situation is rapidly deteriorating.

And here’s what comes next erstwhile the government starts calling for price controls, as explained by Alt-Market’s Brandon Smith:

This same pattern has been witnessed from 1920s Weimar Germany to 1970s America to 1990s Yugoslavia to 2000s Argentina and Venezuela and beyond. But what happens next? In each case the trend leads first to price controls on producers and distributors, which eventual fail. Then comes government rationing and the complete takeover of necessitys including the food supply.

Smith continued:

The problem is simple, price controls lead to lost profit incentive which leads to little production. little production leads to little supply and little supply leads to rising prices. This is on top of the root cancer that is fiat money creation. Politicians will rapidly if always address the actual origin of an inflationary crisis: The government and the central banks. Inside, they effort to blame free markets, “greeny” businesses and profit taking in times of distress.

He included:

Historically speaking, though, both politician and Republican presidents have tried price controls in the past. Public force must be applied (at the state level at minimum) to halt this from happening. As convenient as it might see to blame producers and distributors, the real Threat is coming from government and banks. We cannot let the people who caused the crisis besides benefit from it by giving them even more power.

It’s a slippery slope from here...

* * Oh, * *

Here’s the full letter: