A colleague keeps sending me articles about the dangers of inflation, including this op-ed today by Larry Summers. What's a good way to refute the argument Summers is laying out. I don't really know econ/finance stuff particularly well.
A colleague keeps sending me articles about the dangers of inflation, including this op-ed today by Larry Summers. What's a good way to refute the argument Summers is laying out. I don't really know econ/finance stuff particularly well.
Yep, that's the kicker. We're in a hard monetarist ideology that says the only way to deal with inflation is interest rate hikes, but whoever is crafting budgets has the ability to take money in and out of the system.