The Mystery of Inflation (2022)
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The Fed's Role in Inflation
Last month consumer prices rose 9.1 percent compared to this time last year, rising at the fastest rate in four decades. Rantabtad Vata: We're going back to the days of Paul Volcker, baby. 2022, high inflation is back; unlike World War II or the 1970s, widespread price controls aren't really on the table. Raising interest rates just means people are going to spend that much more money.
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