Do "Inflationary Expectations" Cause Inflation? Contra Krugman, the Answer Is No

Do “Inflationary Expectations” Cause Inflation? Contra Krugman, the Answer Is No

04/15/2022 Frank Shostak

Paul Krugman recently wrote that the reason we see high inflation is that people mistakenly believe inflation is in our future and act accordingly. This reasoning is false.

Original Article: “Do “Inflationary Expectations” Cause Inflation? Contra Krugman, the Answer Is No“

This Audio Mises Wire is generously sponsored by Christopher Condon.

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.