A Meteor Shower: Inflation in a Post-Pandemic World
We can’t return to the low-inflation, low-interest rate world; we can only go forward through the wormhole the pandemic opened.
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We can’t return to the low-inflation, low-interest rate world; we can only go forward through the wormhole the pandemic opened.
President & CEO David Walker discussed why the President should establish a fiscal commission by Presidential Order now that Congress has defeated the amendment that would have created a statutory commission.
https://www.pgpf.org/press-release/2010/01/pgpf-discusses-issues-addressed-in-state-of-the-union
A divided government means there is both a requirement and a valuable opportunity for lawmakers to work together on fiscal solutions.
Every month the U.S. Treasury releases data on the federal budget, including the current deficit. Here is the data for December 2022.
https://www.pgpf.org/the-current-federal-budget-deficit/budget-deficit-december-2022
New polling shows that voters want Hillary Clinton and Donald Trump to address the national debt in the upcoming debates.
https://www.pgpf.org/blog/2016/09/voters-national-debt-needs-to-be-part-of-the-debates
Fiscal policy that boosts productivity is the best offense against future inflation.
“Far too often, life-saving medications like insulin are unaffordable or unavailable, tragically burdening millions of Americans,” said Michael A. Peterson, CEO of the Peter G. Peterson Foundation, which established the Peterson Center on Healthcare.
Most Medicaid dollars are spent on disabled and elderly beneficiaries, whose incomes and financial resources are low enough to qualify for the program.
https://www.pgpf.org/budget-basics/who-benefits-from-medicaid
“Across party lines, vast majorities of voters believe that divided government brings an important responsibility for our leaders to work together to secure our fiscal future,” said Michael A. Peterson, CEO of the Peterson Foundation.
https://www.pgpf.org/press-release/2023/01/fci-press-release
The more important question for fiscal policy is what happens when monetary policy normalizes.