Now We Know Where the Inflation Went

By |2014-01-13T14:30:34-06:00April 25th, 2013|Categories: Brian Domitrovic, Political Economy|Tags: |

A question has haunted the aftermath of the Great Recession: where is all the inflation? If the Federal Reserve is going to spike the money supply most massively in the context of minimal economic growth, as it has since 2008, it would seem that a severe price inflation must ensue. Yet the consumer price index [...]