Gaetz SkatesPosted By Rod Kaufman |
I'll add for the education of the likes of Richard:
"Monetary policy is a major cause of the increase in inflation, says Stanford economist John Taylor. Inflation rises when the Federal Reserve sets too low of an interest rate or when the growth of money supply increases too rapidly – as we are seeing now, says Stanford economist John Taylor.Sep 6, 2022"
"The biggest misunderstanding is that people do not realize that monetary policy is a major cause of the increase in inflation. The Federal Reserve has kept its interest rate – the federal fund rate – much lower than in other recent years. It is even lower, at 2.33% than the inflation rate, which is over 7 or 8%. We have not seen such a large discrepancy since the 1970s when inflation also picked up. This extra low-interest rate, which is due to monetary policy, has been a key reason for the higher inflation rate."
https://news.stanford.edu/2022/09/06/what-causes-inflation/#:~:text=Monetary%20policy%20is%20a%20major,says%20Stanford%20economist%20John%20Taylor.&text=Inflation%20rises%20when%20the%20Federal,says%20Stanford%20economist%20John%20Taylor.
"Monetary policy is a major cause of the increase in inflation, says Stanford economist John Taylor. Inflation rises when the Federal Reserve sets too low of an interest rate or when the growth of money supply increases too rapidly – as we are seeing now, says Stanford economist John Taylor.Sep 6, 2022"
"The biggest misunderstanding is that people do not realize that monetary policy is a major cause of the increase in inflation. The Federal Reserve has kept its interest rate – the federal fund rate – much lower than in other recent years. It is even lower, at 2.33% than the inflation rate, which is over 7 or 8%. We have not seen such a large discrepancy since the 1970s when inflation also picked up. This extra low-interest rate, which is due to monetary policy, has been a key reason for the higher inflation rate."
https://news.stanford.edu/2022/09/06/what-causes-inflation/#:~:text=Monetary%20policy%20is%20a%20major,says%20Stanford%20economist%20John%20Taylor.&text=Inflation%20rises%20when%20the%20Federal,says%20Stanford%20economist%20John%20Taylor.