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Beware of Conflict Theories of Inflation

Summary by AIER
Headquarters of the Bank of England and the Royal Exchange in London. 2023. In recent years, the resurgence of inflation in the United States and other advanced economies has brought a revival of conflict theories of inflation (CTIs). These theories, which are gaining momentum in academic and policy-making circles as well as the popular press, posit that inflation is fundamentally the result of distributional conflicts among various social gro…
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