Tag Archives: Greedflation

 And inflation will remain high, very highThis was published a while ago. I forgot to link it here. Their summary: Economists have proposed two main theories to explain the recent spike in prices. Progressives have attributed the rise in inflation to corporate greed and have suggested price controls in response. Other economists have turned back to the New Consensus in Macroeconomics that arose in the 1970s in response to steep inflation blamed on the large Keynesian fiscal expansion of the...

[embedded content]My interview with Scott LaMar from WTFI, on inflation and the problems with demand-pull and oligopolistic inflation, for those interested in another iteration of the same. It's a bit longer than previous ones, and we go on some additional detail.

Marc Lavoie has written this post on the current inflation debates, which received some attention. We had a conversation (I don't say debate because we mostly agreed, and the video is here, last September). I also recommend Julia Braga and Franklin Serrano's paper on Marc's chapter on inflation, which is relevant for the current debates. The debate rages, within heterodoxy, as if a lot of the ideas are new, but quite frankly they are a recap of discussions of the past, particularly for those...