Money policy linked to consumer prices, not imports

Consultants

Wednesday, August 15, 2012

Monetary supply has a bigger impact on consumer prices than the effect of imported goods, according to findings from the American Institute for Economic Research (AIER). “Contrary to popular belief, low-cost imports do not necessarily drive down the prices of U.S. consumer goods," the AIER said. “What does affect prices is the rate of growth in the money supply.” The institute’s analysis is based on data collected by the U.S. Bureau of Labor Statistics since December 2...

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