CPI at 7%? Bet Your Reserve Dollar

The "surprise" jump in producer and consumer price inflation is not a surprise when you understand the political and economic logic of using one nation's domestic currency--the U.S. dollar--as international money.  Domestically oriented analysts have been fooled because U.S. inflation responds to the world-supply of dollars, not just those in the U.S.

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Kathleen M. Packard, Publisher
Ralph J. Benko, Editor

In Memoriam
Professor Jacques Rueff
(1896-1978)

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