Private Equity is a huge driver of price inflation. They buy up enough of specific markets to control prices, which they are actively doing. Beyond this, an economic school that relies on mendacity as its method of persuasion, and whose policy advice just happens to aid wealth consolidation, deserves slightly more charged characterization. Every economic downturn has bloated the wealth and power of the very richest people. Guess who pays for politicians? It's not banks.
