The Federal Reserve Has Misdiagnosed the Cause of Inflation

The Federal Reserve Has Misdiagnosed the Cause of Inflation
The Marriner S. Eccles Federal Reserve Board building in Washington on March 16, 2022. Saul Loeb/AFP via Getty Images
Paul Craig Roberts
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Commentary

Among reports of large companies laying off workers and forebodings of a recession, the prestige automaker Rolls Royce announced it sold in 2022 the largest number of cars in its history.

Paul Craig Roberts
Paul Craig Roberts
Author
The Hon. Dr. Paul Craig Roberts is an economist, former assistant secretary of the U.S. Treasury, and Wall Street Journal editor.
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