How Do Government Deficits and Debt Drive Inflation? | LIVE STREAM
What is the fundamental cause of inflation or deflation? The fiscal theory of price level argues that the amount of government debt, relative to long-run fiscal policies that repay debt, is the primary determinant of the price level, as opposed to the quantity of money. In his new book, The Fiscal Theory of the Price Level (Princeton University Press, 2023), the Hoover Institution’s John Cochrane presents a comprehensive account of this theory and offers a rethinking of conventional monetary doctrines and institutions.
Join AEI’s Michael Strain, Dr. Cochrane, and a distinguished panel of economists for a discussion of the key themes from Dr. Cochrane’s book.
LIVE Q&A: Submit questions to [email protected] or on Twitter with #AskAEIEcon.
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