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Absolutely. I studied applied economics. It's been maddening watching economists whom I respect making proclamations (one way or the other) with high degrees
by JPKab 5y ago
Absolutely. I studied applied economics.
It's been maddening watching economists whom I respect making proclamations (one way or the other) with high degrees of confidence that inflation is or isn't a problem. They have no idea, because anyone who actually knows what they are doing knows that there isn't enough data yet.
- splitstud 5y agoAgreed. We do have some data though. We know how much new debt we've taken on in the last 18 months. We certainly won't be able to afford to raise rates to combat any inflation.