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Senate Banking CommitteeThe American Prospect
•76% Informative
Sen. Sherrod Brown asked Federal Reserve Chair Jerome Powell about price-gouging strategies.
Jay Parini : Powell 's answer to Brown 's question was that such tactics could lead to inflation.
Parini says Powell ignores a central variable influencing how the economy works right now: power.
He says corporate profits have surged during the last 40 years , but the numbers suggest otherwise.
Julian Zelizer : Companies are laser-focused on wringing as much out of Americans as possible.
He says they're unleashing new schemes and building information advantages to either confuse, outsmart, or simply gouge the consumer.
Zelizer says the most ruthless form of American capitalism centered on cost-cutting.
Frida Ghitis: Inflation was good for business in a new era where prices are unmoored from fundamentals, like labor or materials.
She says a new corporate credo on pricing has emerged: The best price is the one consumers are willing to pay.
Ghitis asks: What does this mean for central-bank policymakers who limit their studies of prices to how much they are rising, not the ways in which the increases are happening or the reasons why? She says the Biden administration is rising to this occasion in many respects, but there's so much more to be done.
VR Score
77
Informative language
74
Neutral language
37
Article tone
informal
Language
English
Language complexity
51
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
11
Source diversity
8
Affiliate links
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