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We Don't Know If the COVID-19 Shock Will Be Inflationary or Deflationary

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Tags InflationInterventionism

04/29/2020Michael J. Hoffman

Government restrictions on production are driving prices up as unemployment drives them down. It's impossible to say now whether price inflation or price deflation will be the predominant factor in the crisis's next phase.

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Original Article: "We Don't Know If the COVID-19 Shock Will Be Inflationary or Deflationary"

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Author:

Michael J. Hoffman

Michael Hoffman is the author of Monetary Kaleidics: Reflections on Money Illusion and the War on Cash.

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