A year ago, the consensus amongst monetary economists and financial pundits was that the uptick of inflation was transitory. We now know that was false. Inflation is now running at approximately 8.6% on an annualized basis, or the highest level since 1981. I hadn’t even been born yet. Even then, inflation was high but decreasing. Now it is high but increasing.
The Symptoms of ZIRP disease
The Symptoms of ZIRP disease
The Symptoms of ZIRP disease
A year ago, the consensus amongst monetary economists and financial pundits was that the uptick of inflation was transitory. We now know that was false. Inflation is now running at approximately 8.6% on an annualized basis, or the highest level since 1981. I hadn’t even been born yet. Even then, inflation was high but decreasing. Now it is high but increasing.