Inflation has made an unwelcome comeback, with consumer prices rising at rates not seen since 1982. Where did this inflation come from and what might its impacts be? What does inflation have to do with tax and fiscal policy and how could each be used to mitigate its negative effects?

The Tax Foundation recently hosted a panel discussion with experts from the Committee for a Responsible Federal Budget and The Hoover Institution to discuss these questions and more, including the impact of enacted and proposed federal legislation on inflation, debt, and tax policy and how all three interact.