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A New Era Of Stagflation?

A New Era Of Stagflation?

by David P. Goldman The US inflation rate as measured by the Consumer Price Index reached its highest level in forty years during August and September 2021. Consumers face widespread shortages of items whose availability Americans used to take for granted, from autos to smartphones. The cost of housing is rising at the fastest rate […]

Monetary Policy Since The Great Recession

Monetary Policy Since The Great Recession

After the 2007-2009 financial crisis, the Great Recession it precipitated, the exceptionally sluggish recovery, and now the pandemic recession, the U.S. has essentially entered a new macroeconomic environment. For most of the 2010s there was a general consensus that inflation was not too much of a problem. This very complacency has now set the stage […]