Brian Albrecht on Competition and Prices

City Journal View Original Source

ICLE Chief Economist Brian Albrecht was cited in article at City Journal about the forthcoming book The War on Prices, to which he contributed a chapter. You can read the full piece here.

My new edited volumeThe War on Prices: How Popular Misconceptions about Inflation, Prices, and Value Create Bad Policy, catalogues politicians’ faulty theories about inflation’s causes. Scholars Pierre Lemieux, Bryan Cutsinger, Brian Albrecht, David Beckworth, and Stan Veuger document that inflation wasn’t the product of greedy corporations, aggressive wage demands, or even primarily supply-shocks and bottlenecks. The best explanation was overly stimulatory macroeconomic policy.