New Kari Lake ad promises to cut taxes for Arizonans

However, ASU economist Dennis Hoffman told 12 News that to curb inflation, there need to be more products to buy while people can spend less. So, Lake's plan to give people more money through tax cuts could increase spending and make inflation rise.

In this story published Oct. 11, 2022, in The Arizona Sun Times:

The issue creating inflation is too much money chasing too few goods.

– Dennis Hoffman, director of the L. William Seidman Research Institute at the W. P. Carey School of Business and director of ASU's Office of the University Economist