The United States Economy In 2022: All Eyes On Inflation

The United States Economy In 2022: All Eyes On Inflation

Share to Linkedin Where is the economy heading in 2022? 2021 started amid Keynesian optimism: government spending paid with easy money seen as a magic elixir that can solve any economic crisis. If socialism fails because you eventually run out of other people's money, Keynesianism fails when the benefits of easy money have reached their limit. While the monetary authorities told us that the inflation we were seeing was transitory earlier in the year, they later abandoned that narrative. The questions are: has monetary easing run its course as a useful economic policy tool? For how long will we suffer these much higher rates of price increases? In these yearly analyses of the US economy, I focus on the underlying fundamentals that I consider essential to healthy growth, together with the influence of the world economy and the US's major trading partners. Rule of Law and Economic Freedom in twenty large economies and trends in comparison with previous ... [+] year In Table 1, I list key indicators of twenty of the top economies in the world. I focused on those where I had measurements of economic freedom and a rule of law score as assessed by the World Justice