The Return of Inflation?

29.07.2021, 06:04 forbes.kz

Energy and commodities have been leading the way, owing mainly to post-lockdown supply bottlenecks. But while such obstacles are widely seen as temporary, implying that the inflationary spike will disappear soon, other factors are at work as well, implying that it won’t. NEW YORK – Slight increases in the rate of inflation in the United States a... → Chief among these longer-term factors is the rapid growth of money. Most monetary aggregates (not just central-bank money) have risen at a The “Quantity Theory” claims that inflation’s causality runs from money to prices. Yes, empirical evidence seems to have largely undermined Friedman’s hypothesis with respect to moderate inflation. But the f