The truth is that we know very little about inflation, including its causes and cures.
For years, central bankers in the US, Europe and Japan have targeted a healthy 2 per cent rate of inflation, but none has been able to produce it.
This despite continuous economic growth, significant budget deficits, rapid expansion of the money supply through quantitative easing and low interest rates — all of which are supposed to be inflationary.
A memo I wrote in 2001: “You Can’t Predict. You Can Prepare.”
Howard Marks FT 4 August 2021
https://www.ft.com/content/3e45991a-ce3a-4cda-b439-1c18f74ad0c5
The Law of Supply and Demand
https://www.internetional.se/supplyanddemand.htm
Nonsens.
If the economy takes off above Stall Speed the Philips Curve will be back.
https://englundmacro.blogspot.com/2017/08/discussions-around-death-of-phillips.html
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