Source: Libertarian Institute
by Joseph Solis-Mullen
“Precedent, particularly that of the 1970s, demonstrates that loosening monetary policy before the price level is firmly anchored can lead to renewed price surges. October’s data aligns with these warnings, showing how even modest economic shifts can push the price level higher. Looking ahead, fiscal and political developments could add fuel to the fire. Donald Trump’s proposals, including mass deportations and a sharp increase in import tariffs, would likely exacerbate price pressures.” (11/21/24)