Bill Mitchell: US inflation rate down to 3 per cent and falling fast – it was transitory, folks

The inflation is burning out pretty quickly.

I consider my assessment that this was always going to be a transitory period of inflation has been validated by the data.

I also think we have reach peak lunacy in terms of our monetary policy understandings and practice.


Free of Charge Creative Commons inflation Image - Finger 1

Be the first to comment

Leave a Reply

Your email address will not be published.