What if the Federal Reserve Has Inflation All Wrong?

What if the Federal Reserve Has Inflation All Wrong?


That means not just a temporary slowdown, but perhaps even long-term damage to the U.S. economy. Productive employees will lose their jobs, and productive facilities will be mothballed – both changes that are hard to reverse when things pick back up. In some sense, we traded an immediately catastrophic pandemic crash for something slower, and hopefully less traumatic, but not much less challenging.

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