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Funny that after almost one-and-a-half decades of excessive monetary expansion the reasons for inflation lie so far outside the realm of monetary policy: zero-C
by t_mann 4y ago
Funny that after almost one-and-a-half decades of excessive monetary expansion the reasons for inflation lie so far outside the realm of monetary policy: zero-Covid policies in China that have lastingly disrupted global supply chains, a terrible war that has bogged down 40% of the world's grain supply, highly justified sanctions that drive up energy prices, and a domestic workforce that has become disillusioned about the work treadmill. The Economist very liberally glances over those issues for the sake of a strong-hitting headline and a compelling story.