The 2021 Finish: Fast Growth, High Inflation

The 2021 Finish: Fast Growth, High Inflation

January 26, 2022

When fourth quarter GDP data is released later this week, it will show that 2021 finished on a high note.  Unfortunately, the high note included not only strong economic growth but also rapid inflation.  This shouldn't be a surprise; it's what you get when you mix a huge surge in government spending with very loose monetary policy.

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