The Corner

Economy & Business

Inflation May Be Even Higher Than It Looks

Alan Cole explains why the “inflation cranks” may be right this time: The official statistics may understate the inflation rate. He also draws out what the implications are — and aren’t.

Ramesh Ponnuru is a senior editor for National Review, a columnist for Bloomberg Opinion, a visiting fellow at the American Enterprise Institute, and a senior fellow at the National Review Institute.

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