Inflation Archives – Center for the Advancement of the Steady State Economy

Special Report: Introducing the Sustainable Monetary Policy Act

June 11, 2026/0 Comments/in Banking, Brian Czech, Economic Growth, GDP, Governance, Inflation, Jobs and Employment, Limits to Growth, Monetary Policy, Money and Investments, Steady State Economy, Steady State Economy Act, Steady State Herald /by Alix Underwood

by Brian Czech

The Federal Reserve System has more influence over the rate of economic growth—certainly nationally and arguably globally—than any other institution. When it sets the federal funds rate, the Fed affects the decisions of producers and consumers far and wide. When it lowers the rate, producers borrow more, from Midwest farmers to Silicon Valley techs. Likewise, consumers borrow more for everything from cars and houses to laptops and smartphones.

The Strait of Hormuz: Trump’s Waterloo?

March 19, 2026/6 Comments/in Brian Czech, Consumption, Economic Growth, Food and Agriculture, Fossil Fuels, GDP, Inflation, Peace, Steady State Economy, Steady State Herald, Trophic Theory of Money /by Alix Underwood

by Brian Czech

Given his long-running obsession with GDP growth, an obsession punctuated with mid-terms in mind, President Trump has made some peculiar moves. Just this week, his stripping of immigrant truckers’ licenses took effect, as part of a broader crackdown on immigrant labor, a key source of economic growth. His hyperactive imposing of tariffs has undermined comparative advantage, a condition relied upon for global GDP growth.

Why Is Simple Living So Complicated?

January 8, 2026/11 Comments/in Consumption, Corporate Reform, Economic Policy, Governance, Inflation, Jobs and Employment, Money and Investments, Steady State Economy, Steady State Herald, Wellbeing /by Alix Underwood

by Keith Akers

In industrially advanced countries, we have massively overshot the limits to economic growth. Climate change, peak oil, soil erosion, mass extinctions, and groundwater depletion are already biting into our well-being. Economic and social collapse seems to be the default.

We need “simple living”—the voluntary reduction of consumption—but on a massive scale. We need other things too, like social justice and cultural changes. But let’s focus on the economic logistics of simple living.

Introducing the Sustainable Housing Act: Shelter for All in a Steady State

April 17, 2025/5 Comments/in David Shreve, Economic Policy, Governance, Inequality, Inflation, Limits to Growth, Materials use, Population, Steady State Economy, Steady State Economy Act, Steady State Herald, Sustainability /by Alix Underwood

by David Shreve

Housing in the United States (and in many other nations) is plagued by many problems and shortcomings. Among the most critical are increasingly unaffordable prices and bewildering geographic cost variations. Connected to these are additional problems associated with forced sprawl, the needless destruction of vital ecosystems, and labor market rigidity.

The residential cost problem is paramount and can no longer be dismissed as a predicament limited to isolated markets.

Inflation through the Lens of the Trophic Theory of Money

November 21, 2024/3 Comments/in Economic Growth, Economic Policy, GDP, Inflation, Monetary Policy, Money and Investments, Steady State Economy, Steady State Herald, Trophic Theory of Money /by Alix Underwood

by Danish Hasan Ansari

In its simplest sense, inflation is an increase in the prices of goods and services. For instance, if the price of a certain good is $10 and in the next month the price increases to $12, the inflation on that item over one month is 20%. Many economists consider low levels of inflation sustained over time to be normal in a functioning economy. However,

Debt, Deficits, and Warranted Money

March 14, 2024/3 Comments/in Brian Czech, Economic Growth, Economic Policy, Food and Agriculture, Inflation, Monetary Policy, Money and Investments, Steady State Economy, Steady State Herald, Trophic Theory of Money /by Alix Underwood

by Brian Czech

If you recognize the damages done by a bloating economy, you’ll be alarmed by the global GDP meter, which hit the existentially menacing threshold of $100 trillion in 2022. If that doesn’t give you a dose of distress, try the global debt clock. Then, for a dizzying dose indeed, check the casino-like combination of debt and GDP maintained by “US Debt Clock.”

Almost all readers,

Putin the Heinous Strikes at Global Wellbeing

August 3, 2023/13 Comments/in Banking, Brian Czech, Food and Agriculture, Inflation, Money and Investments, Peace, Politics, Steady State Herald, Wellbeing /by Alix Underwood

by Brian Czech

When the name “Putin” is uttered—from now until the end of human utterance—the first thing that should come to mind is hundreds of thousands (and counting) of dead and wounded. Putin has turned a verdant, peace-seeking country into a hell-scape of suffering, including starvation. Let’s not overlook the Ukrainian casualties, now or ever.

Now, Putin is taking an even deeper stride into the annals of infamy by orchestrating one of the most despicable episodes of wanton waste in history: his attack on Ukrainian grain stocks and infrastructure.

A Perfect Storm for Inflation: COVID, Loose Money, and Putin

March 10, 2022/6 Comments/in Brian Czech, Consumption, Economic Growth, Economic Policy, Energy, Food and Agriculture, Governance, Inflation, Jobs and Employment, Monetary Policy, Politics, Population, Poverty, Steady State Economy, Steady State Herald, Technology /by Brian Czech

by Brian Czech

The current bout of inflation should be no surprise to steady staters. We have national and global ecosystems pushed to the limits by population and economic growth. At the same time, we have monetary authorities and heads of state—neoclassically oblivious to limits—eager to stimulate the economy with loose money. It’s a recipe for inflation.

We tweeted all the way back in March 2020 that inflation was coming.

Ukraine: Putin’s Lebensraum

February 25, 2022/27 Comments/in Brian Czech, Consumption, Corruption, Economic Growth, Environment, Food and Agriculture, Governance, Inflation, Peace, Politics, Steady State Economy, Steady State Herald /by Brian Czech

by Brian Czech

People tend to think of Russia as a wide-open country with plenty of space for economic growth. While it may take days to ride the trans-Siberian railway, any notion of an empty Russia is as antiquated as Dr. Zhivago. European Russia, especially, has been cultivated, harvested, logged, mined, fished, and “developed” to the gills with roads, bridges, railways, power lines, pipelines, grids, towers, cables, dams, and canals connecting every industry under the sun to thousands of towns and cities plus tens of thousands of villages.

Putin the Practical Wants Ukraine Grain

January 27, 2022/19 Comments/in Brian Czech, Climate Change, Environment, Food and Agriculture, Governance, Inflation, Peace, Politics, Steady State Herald /by Brian Czech

by Brian Czech

Pundits, think tanks, and politicians are asking, “What does Putin want with Ukraine?” If you’re familiar with Ukraine’s flag—especially the bottom half—you’re halfway to the answer.

But let’s start with the conventional wisdom. Yes, Putin wants to pressure the West into preventing Ukraine from joining NATO, thereby keeping the alliance off Russia’s doorstep. Russia’s natural gas transmission to Europe would be a lot more profitable if they didn’t have to pipe the gas through tariff-charging Ukraine,