Pandemic Relief and the Debt Hangover
Policy Tradeoffs, Transitory Demand-Pull Inflation, Reflation is good, Inflation is not
There is No Such Thing as a Free Lunch
“There are no solutions. There are only trade-offs.”
Thomas Sowell, A Conflict of Visions: Ideological Origins of Political Struggles
The great inflation debate heated up further this week with former NY Fed President Bill Dudley adding another prominent new-Keynesian voice to those warning about the risks of deficit …