Tuesday, September 14, 2021

Sooo, experts tell us the rising prices are an "outlier". BULL!-----U.S. Inflation Starting to Look Like a Stimulus-Led Outlier

U.S. Inflation Starting to Look Like a Stimulus-Led Outlier
"...But research by the Institute of International Finance...shows that while problems like longer delivery times are affecting all economies, they’re most acute in the U.S. –- and price markups by firms are bigger there too. 
That suggests stronger American demand is a key part of the picture.
...Jason Furman, an economics professor at Harvard...Rescue packages worth roughly one-quarter of GDP, bigger than in almost any other country, pulled the U.S. economy out of its pandemic hole earlier than many thought possible. 
But Furman says that’s not all they did: “I don’t know how you argue that you got dramatically faster real growth, but you didn’t get any faster price growth.”...Read all!

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