Published: June 2023 In prior articles and newsletters, I’ve explored the causes of consumer price inflation over time. In short, the rate of consumer price inflation in an economy comes from a combination of 1) money supply growth and 2) significant changes in productivity and/or resource abundance. -Periods of fast bank lending or large monetized […]
The article makes the point, that 70s and current high inflation have different causes. In particular US debt is much higher today, so that higher rates could eventually contribute to inflation.