Krugman: Low Unemployment Causes Inflation, Not Monetary Expansion
Paul Krugman claims that the real factor determining inflation is the rate of unemployment, not increases in the supply of money. As usual, he is wrong.
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Paul Krugman claims that the real factor determining inflation is the rate of unemployment, not increases in the supply of money. As usual, he is wrong.
Many proponents of free markets have tried to cast aside the name “capitalism” as a descriptor
The more things change, the more they remain the same. In our present age of inflation,
The Fed’s specialty is propaganda through data, with a long record of failure. This is by