I thought too much money supply vs. demand for money was the cause of inflation. Why would a strong competitive economy make prices rise? I still don’t understand how consumer spending is bad.
And isn’t most of the elevated inflation calculation from auto insurance and 18-month lagging home prices? I don’t want the Fed to base monetary policy on soaring insurance premiums.
Komal Sri-Kumar for Fed Chairman!
I thought too much money supply vs. demand for money was the cause of inflation. Why would a strong competitive economy make prices rise? I still don’t understand how consumer spending is bad.
And isn’t most of the elevated inflation calculation from auto insurance and 18-month lagging home prices? I don’t want the Fed to base monetary policy on soaring insurance premiums.