10 Tuesday AM Reads - The Big Picture
10 Tuesday AM Reads My Two-for-Tuesday morning • Biden and the Fed Leave 1970s Inflation Fears Behind After years of dire inflation predictions that failed to pan out, the people who run fiscal and monetary policy in Washington have decided the risk of “overheating” the economy is much lower than the risk of failing to heat it up enough. (New York Times) see also Stop Stressing About Inflation Inflation is periodic, driven by specific events; Deflation is consistent, the background state of the modern economy. Scarcity and abundance act as the drivers of the pri...
Source: ritholtz.com