We'd Better Understand This Beast

Forbes, Steve
July 2006
Forbes Asia;7/3/2006, Vol. 2 Issue 12, p11
The article discusses several fallacies about inflation in the U.S. Budget deficits do not cause inflation, instead it is caused by the excess money created by the Federal Reserve. For that same reason, it is not true that trade deficits weaken the dollar. Many economists say the U.S. should not be too worried, because if they do not figure in volatile prices for food and energy, core inflation is still reasonable. This concept is bogus.


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