re: Biden admits prices ‘too high’ but blames sellers for 18% inflation

quote:

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Let me be clear to any corporation has not brought their prices back down, even as inflation has come down, even supply chains have been rebuilt: It’s time to stop the price gouging and give the American consumer a break.”

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Ole boy doesn't understand how markets and economics work.

If people are paying the higher prices, there is no incentive to charge lower prices.