The Pandemic Might Be "Over," but Not the Repercussions
Money For the Rest of Us
Inflation as a Fiscal Limit
Inflationary forces that are temporary can be caused by supply constraints or excess demand, to economic shocks. But underlying that, there can be this fiscal inflation. And it's due to credibility of the the government. If we look at the the amount of government debt around the world, it tends to go through the step ups. There is a disconnection between what the federal reserve is doing in trying to control inflation through monetary policy and large budget deficits.
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