Do "Inflationary Expectations" Cause Inflation? Contra Krugman, the Answer Is No

04/15/2022 Mises Daily Frank Shostak

Paul Krugman recently wrote that the reason we see high inflation is that people mistakenly believe inflation is in our future and act accordingly. This reasoning is false.

Original Article: "Do "Inflationary Expectations" Cause Inflation? Contra Krugman, the Answer Is No"

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