President Joe Biden and Sen. Elizabeth Warren (D–Mass.) are blaming corporate America for "shrinkflation," where a company charges the same amount for a product while reducing the product's size or quantity. Recently, Senator Bob Casey (D–Pa.) introduced the Shrinkflation Prevention Act, which declares shrinkflation a deceptive business practice and would forbid companies to engage in it.

Casey, Biden, Warren, and other likeminded politicians maintain that the underlying cause of shrinkflation is "greed." But, as Andrew Heaton explains, greed is pretty much constant across industries and time periods. Shrinkflation is just a passiveaggressive form of inflation, which we are struggling with largely due to government fiscal policy.

Written and starring Andrew Heaton.

Photo credit: captcreate, Flickr; Brett Jordan, Flickr.