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John Phelan

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

John Phelan Articles

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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In 1934 President Franklin Delano Roosevelt devalued the dollar by raising the price of gold to $35 per ounce.

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