What causes disastrous inflation? Money mischief and fiscal follies
by Alexander Salter | June 14, 2021 The news that year-over-year inflation hit 5% in May caused a tizzy. Journalists, economists, and financiers are starting to worry about out-of-control price increases. Over the past year, three things happened that predictably eroded the dollar’s purchasing power. First is a marked increase in the money supply. Second is […]Read More