Regular readers know that I have been touching upon the topic of inflation (click to catch up- Inflation is All the Rage- Part III) as it is being considered within our economic recovery. The article included below, describing a poll of the University of Chicago Booth’s Economic Experts Panel, will show that even economic experts have differing views of the risk that the U.S. economy is overheating due to a combination of U.S. fiscal policy and monetary policy.
What effect that will all of this have on long-term inflation? Is inflation transitory?
The answer may lie within the effect that expenses have on individual businesses and households. Ultimately, the inflation prognosis is yet to be determined.
Is inflation transitory? Maybe, maybe not! What are your thoughts?
~ Brian Kasal- The Leadership Matrix
Added Bonus- Full survey results of the Chicago Booth research- Overheating