Another Hot Inflation Print Lights Up The Consumer.

The inflation numbers came out hotter than expected once again prompting many to think that the Federal Reserve will hike rates in December by 50 basis points. Is this episode, Max details what’s wrong with traditional thinking among economists and policymakers with respect to inflation and the neoclassical approach to managing it. This is the most complete breakdown of inflation we’ve done on UNFTR thus far because there is so much missing from the mainstream analyses. The Trump administration has painted itself into a corner with its destructive economic policies and Democrats are going to have their hands full putting things back together.