Tag Archives: New Consensus

 And inflation will remain high, very highThis was published a while ago. I forgot to link it here. Their summary: Economists have proposed two main theories to explain the recent spike in prices. Progressives have attributed the rise in inflation to corporate greed and have suggested price controls in response. Other economists have turned back to the New Consensus in Macroeconomics that arose in the 1970s in response to steep inflation blamed on the large Keynesian fiscal expansion of the...

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