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The “transitory” inflation swamping the country has stubbornly persisted into July.  Producer prices posted a second straight 1 percent month-over-month increase, which brought the full-year number to a record 7.8 percent. Twelve-month US export prices rose 17.2 percent, and nearly 22 percent

Some economists are good at political philosophy as well. Mises and Rothbard of course come to mind, but the good philosophers aren’t confined to Austrian school economists. Amartya Sen and Kenneth Arrow know what they are talking about when it