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The War on Inflation Has Failed

The War on Inflation Has Failed
Gas prices of more than $5 per gallon are displayed at a gas station in San Rafael, Calif., on Sept. 13, 2023. Justin Sullivan/Getty Images
Jeffrey A. Tucker
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Commentary

The largest and fastest interest rate increase in Federal Reserve history was supposed to crush inflation. That hasn’t happened. The alarming feature of last week’s consumer price index (CPI) report is that inflation is moving in the wrong direction.

Jeffrey A. Tucker
Jeffrey A. Tucker
Author
Jeffrey A. Tucker is the founder and president of the Brownstone Institute and the author of many thousands of articles in the scholarly and popular press, as well as 10 books in five languages, most recently “Liberty or Lockdown.” He is also the editor of “The Best of Ludwig von Mises.” He writes a daily column on economics for The Epoch Times and speaks widely on the topics of economics, technology, social philosophy, and culture. He can be reached at [email protected]
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