I repeat my position on dealing with the current inflation: 1. Hold interest rates constant (as in Japan). 2. Do not expand fiscal policy significantly. 3. Provide fiscal support to the low-income families. 4. Watch […]
Fifty years ago, there was a very special situation in the global economy: There was a major supply shock, oil prices rose, but oil continued to be consumed in almost unchanged quantities, oil producers made […]
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