Government shields its employees and beneficiaries, but not ordinary workers, from higher prices. By Phil Gramm and Mike Solon Aug. 11, 2021 6:14 pm ET The Labor Department reported Wednesday that consumer prices have risen in the past year by 5.4%. Prices have risen at an annualized rate of 7.1% in 2021 and...
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Monthly Archives: August 2021
WSJ-How the Fed Is Hedging Its Inflation Bet
![WSJ Artwork Aug 2](https://www.uspolicystrategies.com/wp-content/uploads/2021/08/WSJ-Artwork-Aug-2-258x119.jpg)
Though few have noticed, the central bank is already slowing the growth of the money supply. By Phil Gramm and Thomas R. Saving Aug. 1, 2021 5:03 pm ET Federal Reserve Chairman Jerome Powell last month told the House Banking Committee “it would be a mistake” to tighten monetary policy “at a time when virtually...
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