1/n. My take on this question of monopoly power and inflation: two things are true at the same time: 1/ The proximate cause for inflation is not a sudden increase in monopoly power. 2/ High demand and inflation suggest now is a good time to crack dow

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Jason Furman @jasonfurman · May 14, 2022

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Actually the economists who pay the most attention to market power do not think that it is playing a major role in inflation. See for example @ThomasPHI2.

Tweet Jan 4, 2022

1/n. My take on this question of monopoly power and inflation: two things are true at the same time: 1/ The proximate cause for inflation is not a sudden increase in monopoly power. 2/ High demand and inflation suggest now is a good time to crack dow

by Thomas Philippon

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