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If prices are up 30%-100% in some instances, and stay up 50% despite the supply chain recovery, then it's not only because of the supply chain. The US has one o
by partiallypro 5y ago
If prices are up 30%-100% in some instances, and stay up 50% despite the supply chain recovery, then it's not only because of the supply chain. The US has one of the highest inflation rates coming out of the pandemic. Japan essentially has had no inflation.
>That's fine. We have ways to do monetary policy while accepting whatever else is going on.
That assuming you think the Fed won't make a major policy mistake or hasn't already. You act like monetary policy is simple, it's not. I think MMTers have ruined a lot of people's perception on the complexity of monetary policy.