The China Price, Central Banks and Why Inflation is so Low
Why has U.S. inflation been so low over the past decade when unemployment was often near record lows? Economic theory holds that a tight labor market results in upward pressure on wages. It also suggests that exploding government debt and easy money are inflationary, both of which we’ve had but with little effect on the price level. U.S. inflation averaged only 1.7% over the ten-year … Continue reading The China Price, Central Banks and Why Inflation is so Low