What’s causing the current surge in inflation? And what should be done about it? Jim Stanford from the Centre for Future Work shows it’s not higher wages driving higher prices — in … Continue reading Debunkers Inflation 101
The Fed’s interest rate hike cannot possibly do anything but make the current situation worse. We’d all be better off had they done nothing. First do no harm. Just while things are getting more expensive due to a recent pandemic and a war, let’s raise interest rates in the hope that corporations … Continue reading The Fed’s Interest Rate Hike: Salt In The Wound?
American monopolies consolidated market power for years. Now that there’s supply chain trouble, they can raise prices and blame it on the pandemic. This is exactly what’s happening. The economy is not BOOMING thus causing inflation. People don’t have so much money that they are on a shopping spree, driving up prices. … Continue reading America’s Richest Companies Are Causing High Prices, Inflation
While it’s true that inflation is on the rise, with prices of everyday items like food, gas, and clothing up an average 6.2% from this time last year, fears of runaway inflation are no reason to hold up the Build Back Better agenda. Costs are up 6.2% from last year because we … Continue reading Don’t fall for the inflation fear-mongering – Patriotic Millionaires
Don’t panic over milk prices. Inflation is bad for the 1 percent but helps out almost everyone else. It’s true, we’re talking about the cost of milk having gone up from say $10.00 last year to $10.62 this year, due mostly to supply constraints from the pandemic last year. But wages went … Continue reading Inflation Is Good for You
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