May 24, 2003

John Makin of the AEI come out in favor of inflation. The great battle against inflation initiated in October of 1979 by Paul Volcker, has in Makin's view, properly come to an end. It looks like we are all Keynesians .. again. (Well, not me, but you already knew that). What next, stagflation? Then wage and price controls?

Posted by Greg Ransom