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Showing posts from May, 2018

The Inflation Whipsaw

What gives with inflation? When measurements indicated that it was running below a 2% annual rate the Fed and their fellow economists fretted that it was too low. They become preoccupied with pondering actions that could be taken to stimulate higher inflation, primarily involving manipulating interest rates lower and increasing the money supply in the hope that this will compel people to borrow and spend and companies to borrow, grow, and hire.