John Phelan

John Phelan is an economist at the Center of the American Experiment and fellow of The Cobden Centre.

John Phelan Articles

Deficit-to-GDP Ratio Near World War II Levels, CBO Finds
By John Phelan - February 7, 2025
On January 17, the Congressional Budget Office (CBO) released its latest Budget and Economic Outlook and Update. It attracted little attention in a media environment flooded with stories about then-incoming President Trump, but it should...
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The ‘Wage-Price’ Spiral Is a Symptom of Inflation, Not the Cause
By John Phelan - August 10, 2022
In June, the Bureau of Labor Statistics (BLS) announced that the Consumer Price Index (CPI) had risen by 8.6 percent in the year to May. This was “the largest 12-month increase since the period ending December 1981.” What is causing this?
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Recent Articles

In 1792 the U.S. Congress adopted a bimetallic standard (gold and silver) for the new nation's currency - with gold valued at $19.30 per troy ounce

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