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Analysis: Why Deficits Matter

Analysis: Why Deficits Matter

by Alexander William Salter The US is experiencing the strongest price pressures in 40 years. Financial and economic commentators are searching frantically for the culprit. Many on the right blame massive budget deficits. Are government budget deficits responsible for inflation?  The logic is simple: when governments run deficits, they inject purchasing power into the economy. […]

Three Common Myths About Money And Inflation

Three Common Myths About Money And Inflation

by Alexander William Salter Inflation is one of the most studied phenomena in economics. We have a pretty good idea of where it comes from and how it works. Unfortunately, a large knowledge gap remains between economists and the “man on the street.” There are several persistent myths that just won’t die. Let’s see if […]

Is Inflation Really a Problem ?

Is Inflation Really a Problem ?

Inflation is the current hot topic in macroeconomics, to the extent anything in macroeconomics can be “hot.” Financial, economic, and political commentators are in a tizzy over price increases. Even Fed Chairman Jerome Powell is starting to sound concerned, if his recent testimony before the Senate Banking Committee is any indication. We take it for […]