The Causes and Impacts of Inflation featuring Steven Byers, Ph.D. and Chris Brown

The United States is on the path of recovery from the COVID-19 pandemic, while experiencing inflation at levels not seen in the past 40 years. Colorado has not been immune from these effects. The factors contributing to high inflation are multitudinous, and Coloradans find themselves in the difficult position of finding their increase in earnings cancelled out by loss of purchasing power. 

Chairman and Host Earl Wright welcomes Chris Brown, Vice President of Policy & Research for CSI, and new team member Steven Byers, Ph.D., who joins as Senior Economist, to the show to discuss the multiple facets of both inflation and Colorado's general economic situation. The three discuss what has led to inflation including global issues such as the supply chain, and discuss Colorado's interesting trends in issues such as taxable sales. The issues are complex to unpack, which is why CSI leads the way with unparalleled research and actionable insights for business leaders and elected officials. 

Thank you for listening to Common Sense Digest. Please rate, review, and subscribe on your favorite podcatcher. All of our podcasts can be found here.

Steven Byers, Ph.D. is the new Senior Economist for Common Sense Institute. Prior to joining CSI Steven spent three years working for the Coalition for a Prosperous America, a nonprofit organization consisting of manufacturing, agricultural, labor, consumer, and citizen interest groups, where he conducted research on the U.S. economy, international trade, and tariffs. Highlights of this research include a paper titled, “Decoupling from China – An Economic Analysis of the Impact on the U.S. Economy of a Permanent Tariff on Chinese Imports” for which he and a co-author won the National Association for Business Economics Edmund A. Mennis Contributed Paper Award.

Steven’s experience as an economist spans twenty-three years, including work at federal regulatory agencies (SEC, CFTC, PCAOB) and quantitative economic analysis supporting international trade litigation cases brought before the U.S. International Trade Commission. His work at CSI is an extension of his graduate work studying the Colorado economy. His Ph.D. dissertation topic was based on a computable general equilibrium model (CGE) he developed to evaluate the economic impact of regional tax incentives in a Fort Collins, CO.