Inflation fears are not realistic

Reader comment on: Summers on Growth

Submitted by Lyle (United States), Oct 13, 2013 23:41

At least as long as we have unemployment where it is we will not see wage driven inflation. So we may see price spikes as we did last year with corn, or the like. Folks have been seeing inflation around the corner since 2008 and it seems that its a mighty long block at a minimum. According to the theory of the great wave, lower population growth means less inflation as there is less competition for basic resources.

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