Alan Blinder Defends the Supply-Shock Theory of Inflation
In “What We’ve Learned About Inflation” (op-ed, Aug. 2), John Cochrane argues that I (“Team Transitory Had a Point About Inflation,” op-ed, July 20) and other…
Source: biztoc.com
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In “What We’ve Learned About Inflation” (op-ed, Aug. 2), John Cochrane argues that I (“Team Transitory Had a Point About Inflation,” op-ed, July 20) and other…
Alan Blinder argues that “Team Transitory Had a Point About Inflation” (op-ed, July 20). He’s right that supply-side factors made inflation worse than it…