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Does another decade of inflation loom ahead?

Washington Examiner/Burton Abrams and James Butkiewicz/9-16-2021

graphic image of 1970s reducs coming soon to an economy near you

“We’ve heard these excuses before. Both Nixon’s economists and those running the show in Washington today assured their bosses that the inflation surge would be temporary and thereafter settle down. Powell, like Nixon, does not attribute his inflation to excessively easy monetary policies.”

USAGOLD note: Far from transitory say these economists from the University of Delaware. This article compares the 1970s to the 2020s, i.e., what Richard Nixon, Arthur Burns, Jerome Powell and Joe Biden have in common.


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