Brian Albrecht on Greedflation

Fortune – ICLE Chief Economist Brian Albrecht was quoted by Fortune in a story about the ongoing debate over so-called “greedflation.” You can read full piece here.

Mainstream economists argue the new profit-led inflation concept is merely a matter of semantics, however. They say their peers are just describing the “standard cyclical component to profits” that occurs during business cycles, as Brian Albrecht, chief economist at the International Center for Law & Economics, a non-profit, non-partisan research center, told Fortune last week. But Albert Edwards, a global strategist at the French investment bank Société Générale, is sticking by his theory that greedflation has been a key driver of the surge in consumer prices over the past few years.