We need to talk about the real reason behind US inflation | Robert Reich

Corporate giants are raising prices even as they rake in record profits. How can this be? Because of their unchecked power

On Wednesday, the US labor department announced that the consumer price index - a basket of products ranging from gasoline and health care to groceries and rents - rose 6.2% from a year ago. That's the nation's highest annual inflation rate since November 1990.

Republicans are hammering Biden and Democratic lawmakers over inflation - and attacking his economic stimulus plans as wrongheaded. This will be a winter of high gas prices, shortages and inflation because far left lunatics control our government," Marco Rubio, the Republican senator from Florida posted on Twitter Thursday.