2 ms·
Yes but the treatment is potentially very different. Having the Fed use its blunt monetary tools to control a price increase might not make sense if that increa
by matthewdgreen 6y ago
Yes but the treatment is potentially very different. Having the Fed use its blunt monetary tools to control a price increase might not make sense if that increase is caused by a specific supply-chain issue.
“Inflation is still inflation” is like a doctor saying “a headache is still a headache” and ignoring the fact that one patient’s headache is caused by an operable brain tumor, while the other drank too much the night before.