Zack Exley, Robert Hockett: Inflicting pain on workers to fix inflation isn’t just unfair. It’s stupid, ineffective, and completely unnecessary

Just last year, economists and policy-makers were still debating whether inflation was worth worrying about. Some argued that it would be a transitory phenomenon with little real impact on working Americans. Others suggested that things could get worse before they got better.

Today, with inflation clearly a major factor both in our domestic politics and in many other nations, the discussion has moved on to how best to solve the inflation problem.

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A snowy street in the foreground, a line of tents on ppthe sidewalk and a brick building in the background.

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