The spending packages have caused the inflation in the United States

Photo: pxhere.com
Photo: pxhere.com

18 January 2022 12:28

The spending packages have caused the inflation in the United States

Øyvind Thomassen: Expansive monetary policy does not provide higher prices or demand when the public does not want to loan for consumption.

For the first time since 1982, inflation is above seven percent in the United States. How did this come about? Øyvind Thomassen writes.

His feature article Det er støttepakkene som har utløst inflasjonen i USA (in Norwegian) was published in Dagens Næringsliv on 16 January, 2022.