Yesterday, the Bureau of Labor Statistics in the United States announced that inflation for the year to January was 7.5%, the highest rate in 40 years.Last month, John Phelan, Cobden Centre fellow and economist at the Center of the American Experiment, discussed America’s current inflation with Chris Phelan, professor of economics at the University of Minnesota, and an advisor to the Research Department at the Federal Reserve Bank of Minneapolis. What is causing it? How can it be stopped? You can see their discussion here:
