Rep. Katie Porter demolishes media's 'inflation' mythology
Democratic Rep. Katie Porter of California has done the never-ending yeoman’s work of explaining how our country’s economic system is fraught with inequality, corruption, and a ferocious lack of accountability. One of her most well-known practices during congressional committee hearings is using a white board and simple math to explain how absurd big business’ assertions and evasions are when dealing with the problems of consumer protections and exploitation. She frequently does this directly in the face of big business leadership, for all the world to see.
On Tuesday, Rep. Porter questioned Mike Konczal, director of macroeconomic analysis at the Roosevelt Institute, about the current inflation hitting the United States, Europe, South Korea, Israel, and the U.K. Headlines from right-wing and traditional media outlets have steadily highlighted the “40-year-high” of inflation being seen in our country’s gas and food prices. Few have pointed out that corporate profits have shot through the roof at the exact same time and to such a degree that saying our current “inflation” isn’t manufactured by big business greed is laughable.
That is exactly what Porter and her whiteboard aimed to show Americans.
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