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Democrats’ ‘Greedflation’ Claims Run Up Against Scant Evidence

May 19, 2022, 4:50 PM

Many Democrats blame price-gouging companies for the worst surge in Americans’ cost of living in more than a generation. But economists, including several who are left-leaning, disagree.

Desperate to avoid a wipeout in November congressional elections, House Democrats passed a bill Thursday they present as a centerpiece of their response to record high gas prices. It would confer power to bar the sale of consumer fuels at “unconscionably excessive” prices.

It’s part of a broader narrative that President Joe Biden and his party has championed that a swath of companies -- from energy firms to meat packers -- is taking ...