Matters Of Policy & Politics: Inflation, Disinflation, and Spending: When Fiscal and Monetary Worlds Collide | Bill Whalen and Mickey Levy | Hoover Institution

The good news: inflation isn’t what it was a year ago. The bad news: Americans still pay more for shelter, food, and energy – and may hold lawmakers accountable for the high costs in the next election. Mickey Levy, a Hoover Institution visiting scholar and senior economist at Berenberg Capital Markets, discusses the root causes of higher inflation, a more recent phase of “disinflation,” the Federal Reserve clinging to the notion of “transitory” higher prices, plus the consequences (and questionable wisdom) of the federal government engaging in economic stimuli.