Kevin Cahill Publishes Op-Ed Explaining the Cause of Current Inflation

April 21, 2022

Dr. Kevin Cahill of ECO northwest

ECONorthwest’s Kevin Cahill published an op-ed in The Idaho Business Review this week: “The Cause of Today’s Inflation is No Mystery.” According to Kevin, despite the nuanced explanations espoused by most outlets, the clear cause of current inflation is trillions of new dollars printed by the Federal Reserve. The Fed has, in fact, printed more than 4 trillion new dollars over the last two years, more than doubling its balance sheet. This infusion of fresh money (which began under Trump but has continued under Biden — although it is finally slowing) is flooding the economy and devaluing products and services, and as of this writing, inflation was up 8.5%. Read more in the Idaho Business Journal.