“Seller’s inflation is what basically generalized the local sectoral shocks into economy-wide inflation.” Great interview with @IsabellaMWeber that dives into the causes of higher costs & makes the case for interest rate cuts.
The IRS Direct File pilot program launches today! Check out this excellent thread + blog post from @BharatRamamurti, Gabriel Zucker, and @EconomicSecProj on the massive potential benefits of a free tax-filing program.
The tax reforms in @POTUS’ budget “will begin to reverse the 40-year one-way ratchet of falling taxes for the wealthiest and corporations and instead invest in workers and families.” @owenslindsay1’s statement on the 2025 budget:
From surge pricing to shrinkflation, corporate pricing strategies are all over the news. And for good reason: Workers & families are worried about the high prices of essentials. Our new report sheds light on how shrinkflation is driving inflation. Here’s what we found: (1/9)
“@CFPB has created an inflation-fighting and pro-competition tool, wrapped around a law enforcement policy.” @ddayen unpacks the new CFPB guidance on comparison-shopping tools for fighting corporate greed in @theprospect.
Charging families the same price — or an even higher one — for smaller products should be illegal. The Shrinkflation Prevention Act is a first step to putting a stop to this deceptive practice once and for all.
“Major disasters can be wonderful opportunities for increases in profits.” @IsabellaMWeber’s work on seller’s inflation offers insight into the most recent inflation crisis and solutions policymakers can use to address future crises.
“Grocery store mergers are the absolute last thing Americans facing high prices at the check-out line want to see. The FTC is absolutely right to block it.” @owenslindsay1 praises the @FTC’s suit to block the Kroger-Albertsons merger.
Corporate power & concentration have increased inequality, but there’s reason to believe a shift in the balance of power is underway. @NabsIMA points to worker power & the resurgence of the anti-monopoly movement as signs of hope in @prosyn:
Great piece by @genebsperling that discusses how @POTUS learned from previous economic recoveries to make the recovery from the COVID-19 recession one of the quickest and most equitable on record. Robust public investments work.