Inflation Jumps In May, page-75

God, the economic illiteracy on display in this desperate piece of populist propaganda is remarkable.

So, apparently government measures that add to aggregate demand in an economy already operating at full capacity, are ... er ... disinflationary.

In that case why don't governments simply ramp up spending whenever inflation rears its ugly head?

And this, from the Treasurer of an OECD country.

Heaven help us.

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