Is the US economy recovering or overheating?

J. Bradford DeLong  |  University of California, Berkeley  |  05 May 2021

The financial and economic news in the United States lately has been dominated by concerns about inflation. “Runaway inflation is the biggest risk facing investors, Leuthold’s Jim Paulsen warns,” according to the cable news channel, CNBC. As a potential hedge against inflation, “Bitcoin’s time to shine is fast approaching” reports Fortune’s Robert Hackett. According to US News and World Report, “There is a lot of talk about inflation in 2021 as fears of high government spending creep in and the recent rebound in prices from pandemic-related levels has some investors w...

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