As you well know, inflation is particularly high right now. You might expect the entire economy to suffer as a result – but the truth is, corporations are still making sky-high profits.

In fact, corporations reported some of the biggest profits on record in 2021, when the inflation rate reached the highest it's been in nearly 40 years. That’s because companies are using inflation panic as a cover to hike up their prices and increase their profits even more – which in turn heightens inflation panic. In short, big corporations are exploiting “inflation” as cover for price gouging. 

On a recent episode of our podcast Pitchfork Economics, Congressman Ro Khanna zeroes in on one of the most egregious examples of price gouging: the oil and gas industry. To hear more about how oil and gas companies are ripping off Americans – and what Congress can actually do about it (including putting money back into Americans’ pockets!) – listen to our interview with Congressman Khanna today. 

Follow this link to listen to Congressman Ro Khanna on Pitchfork Economics.

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– Team Civic Action

P.S. Would you rather read the transcript of the podcast? You can find that at this link too!

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