The Federal Reserve’s Anti-inflation Policy Makes No Sense

Paul Craig Roberts- The Federal Reserve is treating a rise in prices from supply shocks and disruptions from the Covid lockdowns and sanctions against Russia, Iran, and other countries as if it were a

Dear readers and fellow economists, the Federal Reserve is treating a rise in prices from supply shocks and disruptions from the Covid lockdowns and sanctions against Russia, Iran, and other countries as if it were a monetary inflation. It is true that too much money is chasing too few goods and services, but the cause is supply shortages and not excess consumer demand.

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https://thealtworld.com/paul_craig_roberts/the-federal-reserves-anti-inflation-policy-makes-no-sense