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Paul Krugman

1 GoKawiil brief on this topic

Book 'Gouged' argues corporate pricing power, not demand, drove post-COVID inflation

Sociologist Lindsay Owens has published 'Gouged: The End of a Fair Price—and What That Means for Your Wallet,' arguing that post-pandemic price increases stemmed largely from corporate pricing decisions rather than supply-and-demand dynamics. Owens, a Stanford-trained sociologist and Capitol Hill veteran, first raised the argument in a viral 2022 tweet that led to a New York Times essay before developing it into a full book examined in this review.