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1 Can Higher Inflation Help Offset the Effects of Larger ...
https://budgetmodel.wharton.upenn.edu/issues/2021/10/21/can-inflation-offset-government-debt
Summary: Higher inflation reduces the real value of the government's outstanding debt while increasing the tax burden on capital investment due ...
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2 Who Benefits From Inflation? - Forbes
https://www.forbes.com/advisor/personal-finance/who-benefits-from-inflation/
Anybody on a Fixed Salary or Fixed Income​​ “Prices tend to rise faster than wages.” York explains that if inflation has caused prices to climb ...
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3 How Do Governments Fight Inflation? - Investopedia
https://www.investopedia.com/ask/answers/111314/what-methods-can-government-use-control-inflation.asp
Governments have relatively few ways to stop inflation. They can put a cap on prices, but the broad price controls required to impact inflation don't have a ...
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4 Why inflation makes it easier for government to pay debt
https://www.economicshelp.org/blog/3015/economics/why-inflation-makes-it-easier-for-government-to-pay-debt/
In this case, the government doesn't benefit from inflation because it ends up paying higher interest payments and it can't devalue the debt ...
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5 HOW GOVERNMENT MANIPULATES MONEY AND ...
http://www.quebecoislibre.org/001028-11.htm
There is no way for the government to create new dollars or bank credit so that each person will benefit equally and simultaneously. Inflation starts with ...
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6 What is Inflation and Why Does it Matter?
https://www.pgpf.org/budget-basics/what-is-inflation-and-why-does-it-matter
The rate at which prices change can affect many facets of the economy — influencing people's purchasing power, affecting economic growth, and raising or ...
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7 Top 11 Benefits of the Inflation Reduction Act
https://www.americanprogress.org/article/top-11-benefits-of-the-inflation-reduction-act/
The recently passed Inflation Reduction Act will fight inflation; bring down the skyrocketing cost of prescription drugs; cut health care ...
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8 Who benefits from inflation? Who is hurt?David Moon answers
https://www.knoxnews.com/story/money/business/2022/05/13/who-benefits-inflation-who-hurt-david-moon-answers/9730109002/
Profitable entities with significant fixed-rate, long-term debt actually benefit from inflation, as they are paying their bondholders with ...
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9 Could inflation be a good thing for governments in debt? - NPR
https://www.npr.org/2022/05/13/1098865220/could-inflation-be-a-good-thing-for-governments-in-debt
But can it also be good for some of the biggest borrowers around - national governments? Rising inflation is making it a little easier for ...
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10 What can the government do to stop or slow inflation?
https://abcnews.go.com/Business/government-stop-slow-inflation/story?id=84031525
With increased consumer demand being the main driver of inflation, experts said there is not much the government can do to fight inflation, ...
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11 Benefits and Costs of High Inflation for a Government - Tutor2u
https://www.tutor2u.net/economics/reference/benefits-and-costs-of-high-inflation-for-a-government
Pressure to raise the value of state welfare benefits including the state pension or out of work benefits · High inflation can cause GDP growth ...
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12 Inflation a Tool to Reduce National Debt | Kahler Financial
https://kahlerfinancial.com/financial-awakenings/weekly-column/deflating-national-debt-through-inflation
This means gross tax revenues fall, which in the end actually increases the country's debt problem as the government must increase borrowing to keep from making ...
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13 The inflation tax is not only real, it's massive | The Hill
https://thehill.com/opinion/finance/580043-the-inflation-tax-is-not-only-real-its-massive/
While inflation clearly does reduce the purchasing power of your earnings and fixed-income asset values, it also redistributes purchasing power ...
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14 Inflation: Prices on the Rise - Back to Basics
https://www.imf.org/external/pubs/ft/fandd/basics/inflat.htm
In an inflationary environment, unevenly rising prices inevitably reduce the purchasing power of some consumers, and this erosion of real income is the single ...
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15 Inflation and the Real Value of Debt: A Double-edged Sword
https://www.stlouisfed.org/on-the-economy/2022/aug/inflation-real-value-debt-double-edged-sword
An increase in the price level directly reduces the real value of government debt, as well as the ratio of debt to GDP, because—holding other ...
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16 How Government Spending Fuels Inflation - WSJ
https://www.wsj.com/articles/government-spending-fuels-inflation-covid-relief-pandemic-debt-federal-reserve-stimulus-powell-biden-stagflation-11645202057
When debt grows so much that people don't believe the Treasury will pay it, they sell their bonds and buy other things, sending prices ...
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17 Why inflation can actually be good for everyday Americans ...
https://www.cnn.com/2021/12/01/economy/inflation-good-bad-winners-losers/index.html
Meanwhile, wages are rising along with prices, essentially shrinking the real value of that debt. The same inflation benefit applies to anyone ...
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18 FACT SHEET: The Inflation Reduction Act Supports Workers ...
https://www.whitehouse.gov/briefing-room/statements-releases/2022/08/19/fact-sheet-the-inflation-reduction-act-supports-workers-and-families/
By signing the Inflation Reduction Act, President Biden is delivering on his promise to build an economy that works for working families.
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19 Understanding Inflation - PIMCO
https://europe.pimco.com/en-eu/resources/education/understanding-inflation
Inflation affects all aspects of the economy, from consumer spending, business investment and employment rates to government programs, tax policies, ...
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20 Is Government Spending Solely Responsible for Inflation?
https://www.yahoo.com/now/did-government-spending-alone-really-120000491.html
An increase in government spending is one of the factors that economists say can drive inflation. Other factors include interest rates, ...
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21 Why does the Federal Reserve aim for inflation of 2 percent ...
https://www.federalreserve.gov/faqs/economy_14400.htm
When households and businesses can reasonably expect inflation to remain low and stable, they are able to make sound decisions regarding saving, ...
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22 Inflation and Debt - National Affairs
https://www.nationalaffairs.com/publications/detail/inflation-and-debt
If people become convinced that our government will end up printing money to cover intractable deficits, they will see inflation in the future and so will try ...
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23 Six Ways to Fight Inflation
https://www.crfb.org/blogs/six-ways-fight-inflation
For example, the government can help control inflation by ensuring it is getting the best price for its dollars, reducing tariffs that push ...
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24 Why Can't the Government Just Print More Money to Get Out ...
https://www.aarp.org/politics-society/government-elections/national-debt-guide/faqs/why-cant-government-print-more-money.html
Unless there is an increase in economic activity commensurate with the amount of money that is created, printing money to pay off the debt would make inflation ...
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25 Inflation Surge: Where To Put Your Money According to Experts
https://www.cnbc.com/select/where-to-put-your-money-during-inflation-surge/
While the term may seem like a mouthful, TIPS are actually quite simple to understand. TIPS are government bonds that mirror the rise and fall of inflation.
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26 Who Benefits From Inflation & How Can You Beat It? - Vinovest
https://www.vinovest.co/blog/who-benefits-from-inflation
When people have unfavorable inflation expectations due to rising price levels, the Federal Reserve introduces inflation targeting measures like a higher ...
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27 Inflation Reduction Act One Page Summary - Senate Democrats
https://www.democrats.senate.gov/imo/media/doc/inflation_reduction_act_one_page_summary.pdf
The Inflation Reduction Act of 2022 will make a historic down payment on deficit reduction to fight inflation, invest in domestic energy production and ...
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28 U.S. Bureau of Labor Statistics
https://www.bls.gov/
The Bureau of Labor Statistics is the principal fact-finding agency for the Federal Government in the broad field of labor economics and statistics.
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29 Biden could reduce inflation, mitigate a recession, and ...
https://www.brookings.edu/research/biden-could-reduce-inflation-mitigate-a-recession-and-strengthen-democracy-with-a-new-eu-us-trade-agreement/
Sanjay Patnaik and James Kunhardt discuss the potential economic benefits of a new transatlantic free trade agreement.
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30 How inflation makes benefits the rich, hurts the poor
https://goldcountrymedia.com/news/135064/how-inflation-makes-benefits-the-rich-hurts-the-poor/
Monetary inflation is always caused by the authority of the currency, basically the government of whatever country is in question. Inflation is not necessarily ...
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31 Why Governments Create Inflation - YouTube
https://www.youtube.com/watch?v=E6A_WpUY2LI
Marginal Revolution University
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32 Controlling Inflation by Controlling Government
https://fee.org/articles/controlling-inflation-by-controlling-government/
Those in government have found that the safest way to expand and perpetuate their power, control, and wealth is to provide concentrated benefits ...
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33 The “Inflation Tax” Is Regressive
https://taxfoundation.org/inflation-regressive-effects/
In contrast, borrowers benefit from inflation, with the single largest beneficiary being the federal government, as Treasury debt is repaid ...
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34 How to Profit from Inflation Surges | The Motley Fool
https://www.fool.com/investing/how-to-invest/how-to-profit-from-inflation/
Inflation is the general rise in prices in an economy over a specified period of time. The Federal Reserve typically targets a low and stable rate of inflation ...
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35 12 inflation ideas from experts - The Washington Post
https://www.washingtonpost.com/us-policy/2022/01/26/inflation-white-house-experts/
It should therefore also have been obvious that measures to boost demand with government programs — such as stimulus checks and unemployment ...
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36 How Inflation Affects Tennessee's State & Local Governments
https://www.sycamoreinstitutetn.org/how-inflation-affects-tennessees-state-local-governments/
Inflation increases expenses for state and local government, such as employee wages, borrowing costs, and long-term pension liabilities.
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37 Monetary policy - Bank of Canada
https://www.bankofcanada.ca/core-functions/monetary-policy/
If inflation is above target, the Bank may raise the policy rate. Doing so encourages financial institutions to increase interest rates on their loans and ...
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38 Social Security Cost-of-Living Adjustments and the Consumer ...
https://www.ssa.gov/policy/docs/ssb/v67n3/v67n3p73.html
Old-Age, Survivors, and Disability Insurance ( OASDI , Social Security) benefits are indexed for inflation to protect beneficiaries from the loss of ...
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39 Don't let them tell you inflation is good for the poor. It's not
https://fortune.com/2021/11/16/inflation-is-not-good-for-the-poor-biden-gustavo-flores-macias-cornell/
The price of real estate assets, for example, tends to appreciate with the general price increases in society, and rental income can be adjusted ...
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40 Inflation and the Economy - Texas Comptroller
https://comptroller.texas.gov/economy/fiscal-notes/2022/may/inflation.php
If left unchecked, the continued rise in prices erodes purchasing power. On the other hand, taming inflation by raising interest rates can ...
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41 Inflation and Consumer Spending | U.S. Department of Labor
https://www.dol.gov/general/topic/statistics/inflation
Inflation can be defined as the overall general upward price movement of goods and services in an economy. The U.S. Department of Labor's Bureau of Labor ...
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42 Lesson summary: The costs of inflation (article) | Khan Academy
https://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/economic-iondicators-and-the-business-cycle/costs-of-inflation/a/lesson-summary-the-costs-of-inflation
In general, if you owe money that has to be paid back with a fixed amount of interest, you are going to benefit from unexpected inflation. On the other hand ...
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43 The Inflation Reduction Act Lowers Health Care Costs ... - CMS
https://www.cms.gov/newsroom/fact-sheets/inflation-reduction-act-lowers-health-care-costs-millions-americans
People with Medicare prescription drug coverage will benefit from a yearly cap ($2,000 in 2025) on what they pay out-of-pocket for prescription ...
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44 Should Governments Learn to Live with Inflation? Comment
https://www.jstor.org/stable/2117515
direct benefits of the lower cost of a ... the union to care about actual inflation; an ... government's target rate of unemployment, is zero.
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45 Inflation aid risks fuelling 'inflationary fire,' economists warn
https://financialpost.com/executive/executive-summary/posthaste-how-those-government-cheques-meant-to-help-households-with-inflation-may-actually-be-fuelling-it
Government cheques meant to help with inflation may actually be fuelling it, economists warn. Find out more.
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46 The Real Story Behind Inflation | The Heritage Foundation
https://www.heritage.org/budget-and-spending/heritage-explains/the-real-story-behind-inflation
Of course, we all know the driver of the quantity of money is government ... Actually, I saw one today from The New York Times, it says, "Inflation is here.
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47 Would government price controls help solve our inflation ...
https://www.marketplace.org/2022/07/29/would-government-price-controls-help-solve-our-inflation-problem/
The U.S. has actually used wage-and-price freezes as a tactic to curb inflation at different points in its history, including World War II ...
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48 How can inflation be good for you? - BBC News
https://www.bbc.com/news/business-30778491
When inflation is too high of course, it is not good for the economy or individuals. Inflation will always reduce the value of money, unless ...
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49 Inflation Reduction Act may have little impact on inflation
https://apnews.com/article/inflation-biden-health-congress-climate-and-environment-63df07e15002c01fb560a6f0e69fcb03
In theory, lower deficits can reduce inflation. That's because reduced government spending or higher taxes, both of which help shrink the ...
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50 Cost of living crisis | The Institute for Government
https://www.instituteforgovernment.org.uk/explainers/cost-living-crisis
The 'cost of living crisis' refers to the fall in 'real' disposable incomes (that is, adjusted for inflation and after taxes and benefits) that the UK has ...
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51 How Will the Prescription Drug Provisions in the Inflation ... - KFF
https://www.kff.org/medicare/issue-brief/how-will-the-prescription-drug-provisions-in-the-inflation-reduction-act-affect-medicare-beneficiaries/
Requires the federal government to negotiate prices for some high-cost drugs ... of prescription drugs due to this benefit improvement.
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52 This Is Going to Hurt - The New York Times
https://www.nytimes.com/2022/06/17/business/economy/inflation-economy-recession.html
Social Security: The cost-of-living adjustment, which helps the benefit keep pace with inflation, will be 8.7 percent next year. · Budget ...
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53 Schwab Market Perspective: Stress Cracks
https://www.schwab.com/learn/story/market-perspective
The most interest-rate-sensitive areas of the economy, such as housing, have already slowed. A rising dollar could also help lower inflation, as a strong ...
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54 How Companies Can Prepare for a Long Run of High Inflation
https://hbr.org/2022/05/how-companies-can-prepare-for-a-long-run-of-high-inflation
Governments also like low and steady inflation. With inflation, government's long-term borrowing needs to be repaid at a lower real cost, and a ...
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55 Chapter 9 - Business Cycles, Unemployment, Inflation
http://www2.harpercollege.edu/mhealy/eco212i/lectures/ch9-18.htm
Unemployment, inflation and economic growth tend to change cyclically over time. ... to actually count every unemployed person each month, the Government ...
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56 Transformative impact of inflation on the healthcare sector
https://www.mckinsey.com/industries/healthcare-systems-and-services/our-insights/the-gathering-storm-the-transformative-impact-of-inflation-on-the-healthcare-sector
The actual financers of healthcare—employers, government, and consumers—can't afford more than historical levels of increase, if that. Also, ...
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57 1.7 Government's Role in Managing the Economy
https://saylordotorg.github.io/text_exploring-business-v2.0/s05-07-government-s-role-in-managing-.html
When the Fed believes that inflation is a problem, it will use contractionary policy to decrease the money supply and raise interest rates.
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58 Why Governments Create Inflation
https://mru.org/courses/principles-economics-macroeconomics/why-governments-create-inflation
In the short run, inflation can actually boost economic output. However, as we've previously covered, an increase in the money supply leads to an equal increase ...
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59 How can the Federal Reserve stop inflation without causing a ...
https://www.aeaweb.org/forum/2399/federal-reserve-stop-inflation-without-causing-recession
Here's an interesting article about how the U.S. got into the recession and inflation of 2022. https://thecannywolf.substack.com/p/the-us-recession-and-inflati ...
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60 The Inflation Tax Is Not Only Real, It's Massive - AEI
https://www.aei.org/op-eds/the-inflation-tax-is-not-only-real-its-massive/
Most people understand that inflation can redistribute income and wealth. For example, many probably are aware that unanticipated inflation ...
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61 Corporate profits have contributed disproportionately to ...
https://www.epi.org/blog/corporate-profits-have-contributed-disproportionately-to-inflation-how-should-policymakers-respond/
The inflation spike of 2021 and 2022 has presented real policy ... room for fatter profit margins—price growth was actually quite subdued ...
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62 Monetary policy | Bank of England
https://www.bankofengland.co.uk/monetary-policy
We also support the Government's other economic aims for growth and employment. Sometimes, in the short term, we need to balance our target of low inflation ...
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63 Can policy help counter low growth, high inflation? - Wells Fargo
https://www.wellsfargo.com/investment-institute/ppp-can-policy-help-counter-low-growth
The Tax Foundation has identified 40 states with actual and ... The absolute benefit to consumers is also limited by the reduced fuel ...
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64 How the So-Called "Inflation Reduction Act" Would Actually ...
https://thefga.org/paper/inflation-reduction-act-would-hurt-americans-pocketbooks/
The so-called “Inflation Reduction Act” under consideration in Congress would not only fail to tame inflation, but it would actually ...
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65 Effects of Inflation on Investments | U.S. Bank
https://www.usbank.com/financialiq/invest-your-money/investment-strategies/effects-of-inflation-on-investments.html
Supply and demand play an important role in inflation. Prices tend to rise when demand for a good or service rises or supply for that same good or service falls ...
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66 Keeping Up with Inflation - The Century Foundation
https://tcf.org/content/report/keeping-up-with-inflation-how-policy-indexation-can-enhance-poverty-reduction/
But while the prices they face at the grocery store are rising, the values of several government benefits and tax credits meant to provide ...
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67 The Inflation Reduction Act Is a Victory for Working People
https://aflcio.org/2022/8/10/inflation-reduction-act-victory-working-people
Create inflation caps for Medicare prescription drugs: The bill caps increases in prescription drug prices for Medicare recipients to the rate ...
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68 Who is suffering most from rising inflation? - Bruegel
https://www.bruegel.org/blog-post/who-suffering-most-rising-inflation
The lower bargaining power of low-income/low-skilled workers can also lead to lower real wages if inflation outpaces pay rises. Individuals may ...
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69 H.R.5376 - 117th Congress (2021-2022): Inflation Reduction ...
https://www.congress.gov/bill/117th-congress/house-bill/5376
The act also limits base premiums under the Medicare prescription drug benefit for 2024 through 2030 to a 6% annual increase or the amount that would otherwise ...
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70 Inflating our way out of debt with demand-pull ... - Penserra
https://penserra.com/what-me-worry/
Inflating our way out of debt with demand-pull inflation can be hazardous to your wealth. ... So how much money does the U.S. government actually owe?
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71 Why is inflation so high? Is it bad? - University of South Carolina
https://sc.edu/uofsc/posts/2021/12/12_conversation_inflation.php
If prices are falling – something known as deflation – companies may be hesitant to invest in new plants and equipment, and unemployment might ...
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72 McRae: The Inflation Reduction Act Will Not Reduce Inflation
https://treasury.ms.gov/2022/08/19/mcrae-the-inflation-reduction-act-will-not-reduce-inflation/
What does it accomplish and what does it mean for you? Well, let's take a look. Non-partisan experts, including the Congressional Budget Office ...
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73 1.7 Government's Role in Managing the Economy
https://open.lib.umn.edu/exploringbusiness/chapter/1-7-governments-role-in-managing-the-economy-2/
When the Fed believes that inflation is a problem, it will use contractionary policy to decrease the money supply and raise interest rates.
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74 Canceling Student Debt Would Increase Wealth, Not Inflation
https://rooseveltinstitute.org/2022/08/17/canceling-student-debt-would-increase-wealth-not-inflation/
So while the actual reduction in government revenues from ... These are the groups that would benefit the most from cancellation.
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75 Inflation is healthy for the economy – but too much can trigger ...
https://poole.ncsu.edu/news/2019/06/13/inflation-is-healthy-for-the-economy-but-too-much-can-trigger-a-recession/
Professor Richard Warr published the following article in The Conversation. In a healthy economy, prices tend to go up – a process called ...
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76 Benefits of price stability - European Central Bank
https://www.ecb.europa.eu/mopo/intro/benefits/html/index.en.html
But they should be large enough to avoid bad scenarios that may unfold if inflation falls too low. When inflation is low, stable and predictable, it helps ...
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77 Reasons Why Inflation Is Good - The Balance
https://www.thebalancemoney.com/why-is-inflation-good-4065995
In that sense, lenders benefit directly from increasing inflation, because they can charge higher rates on their loans. However, rapidly rising ...
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78 Why the Inflation Reduction Act Matters to State and Local ...
https://guidehouse.com/insights/state-and-local-government/2022/why-the-inflation-reduction-act-matters?lang=en
These reductions promise to result from federal government-created incentives for the private sector to address a number of areas of climate ...
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79 We need to talk about the real reason behind US inflation
https://www.theguardian.com/commentisfree/2021/nov/11/us-inflation-market-power-america-antitrust-robert-reich
“This will be a winter of high gas prices, shortages and inflation because far left lunatics control our government,” Marco Rubio, ...
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80 Is the cure for inflation worse than the disease? - Vox
https://www.vox.com/policy-and-politics/2022/10/26/23419373/inflation-recession-interest-rates-economy
But many experts are pessimistic that inflation can really come down without driving up unemployment, and say that if the Federal Reserve ...
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81 Political rhetoric on inflation is out of touch with reality, experts ...
https://www.cbc.ca/news/politics/politics-inflation-right-1.6426222
Poilievre claims the Trudeau government's approach to spending and ... The well-off don't necessarily benefit from inflation — prices are ...
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82 U.S. Inflation: What Are the Risks to Investors? | Morgan Stanley
https://www.morganstanley.com/ideas/us-inflation-concerns-main-street-vs-wall-street
Stock valuations, especially for large companies, continue to benefit from negative real interest rates, with many investors seemingly unconcerned that ...
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83 The U.S. Economic Recovery in International Context
https://home.treasury.gov/news/featured-stories/the-us-economic-recovery-in-international-context
Comparisons of GDP may actually understate the pace of the ... Despite Higher Growth, U.S. Inflation is Now Comparable to most other major ...
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84 Amid High Inflation and Rising Interest Rates, the Federal ...
https://www.urban.org/urban-wire/amid-high-inflation-and-rising-interest-rates-federal-government-will-soon-spend-more
Higher interest rates raise the federal government's borrowing costs and ... can help ensure policy and legislation have universal benefits.
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85 How raising interest rates helps fight inflation and high prices
https://www.nbcnews.com/business/economy/how-raising-interest-rates-helps-fight-inflation-high-prices-recession-rcna33754
The Federal Reserve announced Wednesday another increase in its key interest rate by 0.75% to help fight inflation and get price growth ...
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86 Inflation Reduction Act Will Reduce Medicare Drug Costs, Not ...
https://www.cbpp.org/blog/inflation-reduction-act-will-reduce-medicare-drug-costs-not-cut-benefits
It will require the federal government to negotiate with manufacturers to obtain lower prices for some high-cost drugs, require drug companies ...
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87 Why is inflation so high and will it stay that way? An economist ...
https://www.weforum.org/agenda/2022/05/inflation-rising-economist-explains/
A Chief Economist explains why inflation is high and when we can expect ... "In as much as governments really can't change the oil price, ...
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88 Strategies for Controlling Inflation | Conference – 1997 | RBA
https://www.rba.gov.au/publications/confs/1997/mishkin.html
The costs of inflation outlined here decrease the level of resources productively employed in an economy, and thereby the base from which the economy can grow.
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89 Large Corporate Debt Would Really Benefit From Some More ...
https://seekingalpha.com/article/4397827-large-corporate-debt-really-benefit-from-inflation
Inflation would be a big help to corporations, especially 'zombie" corporations that have built up huge debt loads and need to find a way to pay ...
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90 How higher interest rates will squeeze government budgets
https://www.economist.com/finance-and-economics/2022/07/12/how-higher-interest-rates-will-squeeze-government-budgets
Now central banks are raising interest rates to fight inflation and public debt is becoming more burdensome. Our calculations show that ...
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91 With inflation at a 40-year high, 5 financial pros share how to ...
https://www.marketwatch.com/picks/inflation-is-at-a-40-year-high-10-tips-from-the-pros-on-how-to-invest-and-save-during-times-of-high-inflation-01644507163
Treasury Inflation-Protected Securities (TIPS) are government bonds that help protect you from inflation. “The principal of a TIPS increases ...
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92 Why Does the Fed Care about Inflation?
https://www.clevelandfed.org/center-for-inflation-research/inflation-101/why-does-the-fed-care-start
When inflation is too high, the Federal Reserve typically raises interest rates to slow the economy and bring inflation down. When inflation is too low, the ...
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93 Cost of Living Support - GOV.UK
https://www.gov.uk/government/speeches/cost-of-living-support
But this government will never stop trying to help people, to fix ... Of the basket of goods and services we use to measure inflation, ...
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94 How Government Could Make the Inflation Problem Worse
https://nymag.com/intelligencer/2021/10/how-government-could-make-the-inflation-problem-worse.html
As a treatment for inflation, interest-rate hikes are a bit like a medication that definitely has awful side effects and might actually make the ...
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95 Is Reducing Inflation Good for an Economy?
https://www.gsb.stanford.edu/insights/reducing-inflation-good-economy
The thinking was that if they raised interest rates in order to bring down inflation, there would be a high cost to pay in terms of slower economic growth.
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96 How Could Inflation Ever Be Stopped? - Econlib
https://www.econlib.org/how-could-inflation-ever-be-reduced/
The benefit of every government report on inflation is to remind us how even intelligent people are often confused—even if they may have ...
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