A Note on Inflation
14th December 2021
Steven Hayward at Power Line.
You’d think it would hardly need restating that inflation is chiefly caused by monetary profligacy by the government (especially the Federal Reserve and other central banks that think they can “create” money out of thin air), but the Biden Administration began on an ominous note with Slow Joe proclaiming that “Milton Friedman isn’t in charge any more.” Well, the CPI seems to have something to say about that.