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Facing the Music

One year ago, in the Summer 2021 issue of the Harwood Economic Review, we asked: “Is Inflation Back?” The answer is now clear. Inflation is back – and at 40 year highs. After years of easy money, it is time to face the music.


Peter C. Earle

No, Putin Didn’t Cause Inflation

“Allowing politicians to blame Putin, corporations, shipping firms, billionaires, insufficient taxation, ‘greed,’ or other tired scapegoats is erroneous and misleading.” ~ Peter C. Earle


Antony Davies

A Time for Reckoning

“We’ve reached the end of the road, and found that the people who must ultimately pay for unlimited government is us. Whether through taxes or inflation, pay we will.” ~ Antony Davies


Alexander W. Salter

We Still Need Milton Friedman

“Monetary policy should be about money—not specific markets, but their common denominator. The sooner we enlist Friedman to help ‘run the show,’ the faster we can clean up our economic messes.” ~ Alexander William Salter


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