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The Economists Self-Censored and Inflation Is a Result

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The Economists Self-Censored and Inflation Is a Result
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Jay Bhattacharya
Mikko Packalen
Updated:
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Commentary
Consumer inflation rate in the United States has remained above 4 percent since April 2021, 5 percent since June 2021, and 8 percent since March 2022. This last month’s inflation report came in at 8.4 percent, above analysts’ forecasts, disappointing hopes that the inflation rate might start to subside.
Dr. Jayanta Bhattacharya, senior scholar at Brownstone Institute, is a professor of medicine at Stanford University. He is a research associate at the National Bureau of Economics Research and a senior fellow at the Stanford Institute for Economic Policy Research and the Stanford Freeman Spogli Institute.
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