Say “inflation” these days and the minds of most Americans jump to steep grocery bills and high interest rates. As highlighted by two recent papers by Stefanie Stantcheva, the Nathaniel Ropes Professor of Political Economy, the majority are much less likely to focus on the more positive economic trends of the past few years, including wage growth and strong employment prospects. What’s more, Americans overwhelmingly oppose the tools that policymakers use to mitigate inflation’s worst effects. In fact, many see inflation as only getting worse when the Federal Reserve raises Read More