Robert Higgs and Stefan Karlsson weigh in on why they believe that high inflation has not hit the US, despite large increases in the money supply. I still believe that inflation is higher than is commonly let on (given the increase in price across a pretty wide swath of goods: namely, food and oil-based products), but there’s still quite a bit of explaining to do.
July 3, 2011
The (Difficult To Find) Inflation Problem
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