This article was originally published by Frank Shostak at The Mises Institute.  According to the Washington Times from June 10, 2026, the US President Donald Trump brushed off the rising inflation number—i.e., the yearly growth rate of the consumer price index (CPI)—which jumped to 4.2 percent in May from 3.8 percent in April. “No, I love it. The numbers were great. You know what I really love? I love the inflation,” Mr. Trump said in the Oval Office. The US President may be expressing a view that is popular in economics. By this way of thinking, the policy of price stability does…

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