Tackling Fossilflation: A Toolkit for Price Stability and a Just Transition (December 2022)
Interest rate hikes are now underway and considered the “common sense” response to inflation by the government and Fed. This solution causes further harm to already struggling workers and families by raising unemployment, and potentially triggering a global recession.
This report argues for a bold new approach to addressing inflation. It recommends specific monetary and fiscal policies that tackle price instability in a way that helps usher in a more resilient and equitable economic system.