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bubbleRefuge
on April 12, 2022
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Consumer prices rose 8.5% in March – highest since...
The hypothesis that Volker killed inflation has been discredited. Inflation in the 80's, like today, was supply side from reliance on oil for energy. When natural gas replaced oil for energy production in the US, inflation came down.
onlyrealcuzzo
on April 12, 2022
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> The hypothesis that Volker killed inflation has been discredited.
Highly subjective.
bubbleRefuge
on April 12, 2022
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All econ is fairly subjective. Hence the "dismal" science label.
search for "Volker"
http://bilbo.economicoutlook.net/blog/?p=7591
bubbleRefuge
on April 12, 2022
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It may have even caused more inflation as 20% on treasuries adds lots of interest income to the economy on the demand side.
jbay808
on April 12, 2022
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Ah yes -- the Erdogan school of economics.
nostrademons
on April 12, 2022
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And folks like you are why we are going to get more inflation...
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