Summary:
Once again, massive fiscal spending in the United States has invited warnings of inflation and triggered dark memories of the 1970s. But these fears are based on a model that has since been obliterated by economic realities – not least the rise of China, which has fundamentally reshaped the US and global economies.... Project SyndicateChina Is Missing from the Great Inflation DebateJames K. Galbraith | Lloyd M. Bentsen Jr. Chair in Government/Business Relations and Professor of Government at the Lyndon B. Johnson School of Public Affairs, The University of Texas at Austin
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Once again, massive fiscal spending in the United States has invited warnings of inflation and triggered dark memories of the 1970s. But these fears are based on a model that has since been obliterated by economic realities – not least the rise of China, which has fundamentally reshaped the US and global economies....Once again, massive fiscal spending in the United States has invited warnings of inflation and triggered dark memories of the 1970s. But these fears are based on a model that has since been obliterated by economic realities – not least the rise of China, which has fundamentally reshaped the US and global economies.... Project SyndicateChina Is Missing from the Great Inflation DebateJames K. Galbraith | Lloyd M. Bentsen Jr. Chair in Government/Business Relations and Professor of Government at the Lyndon B. Johnson School of Public Affairs, The University of Texas at Austin
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Michael Hudson writes Why the War in Ukraine is Meant to Drag On: Strategic Goals, European Discontent, and NATO’s Role
Mike Norman writes Modern Monetary Theory film proves finding the cash isn’t the problem — William Thomson
Bill Haskell writes Manufactured Evidence of Voter Fraud
NewDealdemocrat writes Manufacturing remains in contraction, with construction on the brink
Project Syndicate
China Is Missing from the Great Inflation Debate
James K. Galbraith | Lloyd M. Bentsen Jr. Chair in Government/Business Relations and Professor of Government at the Lyndon B. Johnson School of Public Affairs, The University of Texas at Austin