Source: American Institute for Economic Research
by David C Rose
“Although the inflation outlook has improved, it is still very much in the news. Although the rate of increase has slowed, prices remain more than 20 percent above what they were four years ago. At the same time, most analysts understand that the slow and at times negative growth of the money supply, which has tamed inflation somewhat for now, cannot be sustained. Now that the Fed has announced its 50-basis-point cut in the federal funds rate, it will be opening the money spigot again.” (09/26/24)
https://www.aier.org/article/harris-greed-theory-of-inflation-and-the-cowardice-of-economists/