The uneven effect when prices rise
ANALYSIS: Inflation's a reverse Robin Hood, that steals from the poor to gives to the powerful.
NBR columnist John McDermott speaks with Jonathan Mitchell.
The recent astonishing surge in inflation after a long period of dormancy has raised urgent questions about how bad the situation is. Consumer prices rose 7.3% in the year ended June, the highest rate of inflation in 32 years.
If inflation meant the prices of all goods and services increased by the
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