Economists Have Failed Middle-Class Americans

The U.S. can't endure an endless economic spiral in which the middle-class family is perpetually made poorer.

By Philip Cornell & By Eugene Ludwig | January 30, 2023 at 03:30 PM

Inflation, dollar hyperinflation with black background. One dollar bill is sprayed in the hand of a man on a black background. The concept of decreasing purchasing power, inflation

When inflation finally comes under control, everyone will rightfully celebrate. But even as Washington and Wall Street collectively exhale, policymakers will need to take some time to understand why 2021's prevailing economic wisdom proved so wrong.

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