How we stopped inflation without a recession (hint: by not stopping inflation)
Do we really have no hangover after the largest economic orgy in history - more than $10 trillion in fiscal and monetary stimulus in 2020 and 2021? The charts below suggest we're still just drunk.
The inflation crisis is over.
Or is it?
This morning a reader sent along an interesting analysis of Thursday’s supposedly positive inflation report showing that prices in July rose 3.2 percent annually - and an even more interesting chart.
First a little background. That 3.2 percent number is “headline” or overall inflation. That headline annual figure pea…
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