The Rollover Race between Growth and Inflation

Published: June 28, 2022, 3:24 p.m.

In times long gone by, a popular event at town fairs and school sports days was the sack race.\xa0 The competitors would assemble at the starting line, each encased up to the waist in a burlap bag and gripping firmly onto its sides.\xa0 At the gun, they would hop furiously in the direction of the finish line, 100 yards ahead.\xa0 As a sporting contest, it lacked dramatic tension, with most of the competitors biting the dust in the first 50 yards.\xa0 But it was entertaining to speculate on which brave athlete would roll over first.\xa0\nFor additional insights from Dr. David Kelly, listen to the Insights Now podcast.