A hat store advertises that it is hiring in Annapolis, Maryland. Between stimulus cheques and expanded unemployment assistance, many workers are being paid at a rate of US$35,000 annually not to work. Photo: AFP
A hat store advertises that it is hiring in Annapolis, Maryland. Between stimulus cheques and expanded unemployment assistance, many workers are being paid at a rate of US$35,000 annually not to work. Photo: AFP
Barry Wood
Opinion

Opinion

Barry Wood

In an overstimulated US economy, will inflation really be transitory?

  • Thanks to government support, many are being paid not to work. There are fears the Fed has distorted economic activity and laid a foundation for high inflation
  • As the US has had no significant inflation for two decades, most Americans are unaware how debilitating it can be

A hat store advertises that it is hiring in Annapolis, Maryland. Between stimulus cheques and expanded unemployment assistance, many workers are being paid at a rate of US$35,000 annually not to work. Photo: AFP
A hat store advertises that it is hiring in Annapolis, Maryland. Between stimulus cheques and expanded unemployment assistance, many workers are being paid at a rate of US$35,000 annually not to work. Photo: AFP
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