21 Aug 2024 4:17 pm
Finally the cat is out of the bag….that inflation reduction act 
Federal spending was responsible for the 2022 spike in inflation, research shows
In attempting to understand the 2022 spike in inflation that followed the pandemic, some policymakers — up to and including President Joe Biden — blamed shortages in the supply chain. But a new study shows that federal spending was the cause — significantly so. Work smart with our Thinking Forward newsletterInsights from MIT experts, delivered every Tuesday morning
“Our research shows mathematically that the overwhelming driver of that burst of inflation in 2022 was federal spending, not the supply chain,” said Mark Kritzman, a senior lecturer at MIT Sloan.
https://mitsloan.mit.edu/ideas-made-to- ... arch-shows
Federal spending was responsible for the 2022 spike in inflation, research shows
In attempting to understand the 2022 spike in inflation that followed the pandemic, some policymakers — up to and including President Joe Biden — blamed shortages in the supply chain. But a new study shows that federal spending was the cause — significantly so. Work smart with our Thinking Forward newsletterInsights from MIT experts, delivered every Tuesday morning
“Our research shows mathematically that the overwhelming driver of that burst of inflation in 2022 was federal spending, not the supply chain,” said Mark Kritzman, a senior lecturer at MIT Sloan.
https://mitsloan.mit.edu/ideas-made-to- ... arch-shows