Progressives are claiming that corporate profits are one of the causes of inflation. However, if inflation increases consumer prices, it also causes production costs to rise. That is not a recipe for profitability.
Madhusudan Raj
Dr. Madhusudan Raj (@MadhusudanRaj) is an Assistant Professor of Economics at the Veer Narmad South Gujarat University, India. He is also the founding President of the Mises India Institute. He is a Believer and an an Anarcho-capitalist Austro-libertarian thinker. He obtained his Ph.D. in Economics from South Gujarat University and is an alumnus of Mises University 2008. You can read his India focused articles on Mises India, and watch analysis, interviews, and event presentations on his channel MadhusudanRajTV.
