Inflation is Caused by Illegal Monopolistic Collusion

The cause of Inflation and even Stagflation is the presence of illegal monopolistic collusion. The prime example demonstrating this point is the inflation in the Jimmy Carter Administration during the late 1970's. You see, during that time period the OPEC Oil Cartel began to set artificially high oil prices for America and the World. Of course, to understand what is really going on, the description of the situation must be changed to the following: Illegal, Price Fixing, Monopolistic OPEC Oil Monopoly is selling oil at artificially high prices. Moreover, this also explains Stagflation. If you are in a recession and a significant number of companies illegally conspire to artificially prices, then the economy will remain in a recession for most people and businesses, and the cheating, illegal businesses collude and articially raise prices, causing higher prices and a slow economy at the same time, namely, Stagflation. Thus, we can see that NeoKeynsian Economics still explain the economic situation, while voodoo, communist, supply side economics do not. Right now, we need to have the CIA sit down and chat with the OPEC leaders and ask them about their health, and, about whether they should disband. We could start with the greedy Bush family and Aramco Oil.
(C)Perpetual Copyright (2011) by Anthony J. Fejfar, Anthony J. Faber, and Neothomism, P.C. (PA)