Monthly Archives: August 2021

WSJ-Inflation Punishes the Unprotected

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...
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WSJ-How the Fed Is Hedging Its Inflation Bet

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...
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