Until full employment is reached, governments need not cut back on public spending, says William Mitchell, co-founder of modern monetary theory We’ve just been through the worst pandemic in modern history so there are a few supply issues, but we are not experiencing inflation caused by Biden giving out some stimulus checks. … Continue reading Price rises should be short-lived – so let’s not resurrect inflation as a bogeyman | William Mitchell
The Federal Reserve is struggling to hit its annual inflation target for the sixth straight year, suggesting that, once again, it may be too optimistic about the health of the economy. There … Continue reading U.S. Inflation Remains Low, and That’s a Problem?
Wage pressure paranoia strikes again. By focusing on this fictitious danger of inflation, meaning, workers might ask for higher wages, the Fed is taking steps to keep MORE people unemployed, thus locking millions … Continue reading The Fed just took action to slow job creation despite low inflation
Where the real problem arises is when the Fed starts raising interest rates in order to try to slow the economy’s growth. This is nonsense and based on bad theory. Great article … Continue reading Why U.S. Monetary Policy Makes No Sense – Forbes
No number is more important for investors right now than inflation. The belief that it will continue to rise underpins the recent rally in financial stocks and the slump in government bonds. … Continue reading Everything the Market Thinks About Inflation Might Be Wrong