Why the White House has stopped telling the truth about inflation and corporate power

And why that's a big mistake

The Biden White House has decided to stop tying inflation to corporate power. That’s a big mistake. I’ll get to the reason for the White House’s shift in a moment, and why it’s a mistake. First, I want to be clear about the relationship between inflation and corporate power.

Corporate power and rising prices

While most of the price increases now affecting…