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James Galbraith — The Quasi-Inflation of 2021-2022—A Case of Bad Analysis and Worse Response

Summary:
Pandemic stimulus not the cause. Fed runs its accustomed playbook to screw labor and reward capital based on junk economics.Naked CapitalismJames Galbraith: The Quasi-Inflation of 2021-2022 – A Case of Bad Analysis and Worse ResponseJames 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 AustinOriginally at INET

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Pandemic stimulus not the cause. Fed runs its accustomed playbook to screw labor and reward capital based on junk economics.

Naked Capitalism
James Galbraith: The Quasi-Inflation of 2021-2022 – A Case of Bad Analysis and Worse Response
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

Originally at INET
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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