Authors
Steve Hanke
Outlet
Johns Hopkins IAE
Type
Working Paper
Date published
November 1, 2025
Countries/regions
United States of America
Topic
Inflation
URL
Place
Why Were So Many Economists Wrong About Inflation in the Early 2020s?
Authors: Steve H. Hanke and John Greenwood
Series: Studies in Applied Economics, No. 352
Publisher: The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise
Date: November 2025
Hanke and Greenwood analyze why mainstream economists failed to predict the inflation surge of the early 2020s, arguing that the neglect of money supply growth was the key error.
Full Citation:
"Why Were So Many Economists Wrong About Inflation in the Early 2020s?", Studies in Applied Economics, No. 352, Baltimore: The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise, November 2025 (with John Greenwood).