“Greedflation” is an easy story to tell because it gives people a villain.

Comment “Greedflation” and we’ll send you a video that explores this further. The greedflation story fails. Businesses did not suddenly discover greed in 2021. Firms have always wanted profits, yet prices do not rise across the whole economy unless something changes underneath: money, demand, supply, costs, regulation, energy, labor, logistics, or competition. When politicians blame greed, they often avoid harder questions. Did monetary policy weaken the dollar’s purchasing power? Did supply chains break? Did energy costs rise? Did regulations make production harder? Did trade barriers raise input prices? Did zoning or licensing restrict entry? The danger of the greedflation narrative is that it invites bad cures: price controls, and more political control.