Rakeen Mabud on Greedflation

KPFA - CounterSpin

This week on CounterSpin:

The rate of inflation is down. Prices, though, are still high, and Americans are struggling to afford food, cars and housing. Speaking of people having trouble affording basic necessities, “cut up the credit cards” is the sort of advice that politicians and pundits dole out and that corporate news media presents as a respectable worldview, worthy of our attention.

Another view acknowledges that the same people who earn wages also buy groceries. Pretending that we’re pitted against one another is not just misinformation but disinformation.

Rakeen Mabud is chief economist and managing director of policy and research at Groundwork Collaborative. They have new work on what’s driving grocery prices, and it doesn’t involve getting mad at people using food stamps. We’ll hear from her today on the show.

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