Support for this podcast comes from Sincere Foundation, which supports organizations that provide food security, housing stability, and safe spaces,

and envisions a future where everyone has the opportunity to celebrate life milestones.

Learn more at sincere.com.

This episode is brought to you by Krakan.

Krypto is like the financial system, but different.

It doesn't care where you come from, what you look like, your credit score,

or your outrageous food delivery habits.

crypto is finance for everyone, everywhere, all the time.

Visit Krakon.com slash see what crypto can be.

To learn more, don't invest unless you're prepared to lose all the money you invest.

This is a high-risk investment, and you should not expect to be protected if something goes wrong.

This is on point. I'm Magna Chakrabardi. In December 2021, University of Massachusetts

economist Isabella Weber looked at spiraling inflation. She saw a number of drivers for those ever increasing prices,

but there was one she thought no one was talking about,

an explosion in corporate profits.

In 2021, US profit margins have reached levels not seen since the aftermath of the Second World War,

she wrote in the British newspaper The Guardian.

So Vabor made a radical suggestion, quote,

the government could target the specific prices that drive inflation instead of moving to austerity which risks a recession."

Well, the response from just about every established corner of economics was unanimous.

Heiressy, they shouted.

Liberal economist and New York Times columnist Paul Krugman went so far as to tweet,

...