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Iraq's Monetary Policy


Tags Money and BanksCapital and Interest Theory

I didn't know until the release of the "Iraq Study Group Report" that Iraq's "inflation is above 50 percent. Unemployment estimates range widely from 20 to 60 percent." So a quick look at the primitive date at the Iraq Central Bank shows a 40% increase in M2 from November 2005 through May 2006 (the last time the data were updated). Cause and effect, with very little time lag! Also, it doesn't seem like the famed "inflation-unemployment tradeoff" is working very well.


Contact Jeffrey A. Tucker

Jeffrey Tucker is Editorial Director of the American Institute for Economic Research. He is author of It's a Jetsons World: Private Miracles and Public Crimes and Bourbon for Breakfast: Living Outside the Statist Quo. Send him mail.

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