Something I haven't thought about in all the hubbub about this is that the economy may just be a non-linear process. The 1970s inflation spikes and troughs may just be what recovering from high inflation looks like.
I guess we'll get to see. Hindsight is 20/20 after all.
sj_zero 2 years ago
Something I haven't thought about in all the hubbub about this is that the economy may just be a non-linear process. The 1970s inflation spikes and troughs may just be what recovering from high inflation looks like.
I guess we'll get to see. Hindsight is 20/20 after all.