Corporate profits are  gaining from US price inflation… A history of the need for price controls – from Phenomenal World

As a share of Gross Domestic Product, corporation profits corrected for inventories and depreciation were 12.6 percent in Q3 2021, up from 11.1 percent in 2019 and 10.9 percent in 2016. According to the FTC’s Quarterly Financial Reports, operating income for US iron, steel, and ferroalloys corporations was $10.1 billion in Q3 2021, up from a quarterly average of $1.2 billion in 2019 and $849 million in 2016. For US wood products corporations, the same figures were $9.4 billion in Q2 2021, $1.7 billion in 20

Corporate profits are  gaining from US price inflation… A useful detailed history of the need for price controls – from Phenomenal World

Source: Controlled Prices | Phenomenal World