Thank you so much for writing this post, it summarises well some of the thoughts I’ve had regarding monetary and fiscal policy, especially your analysis on effects on poorer countries. I’m reminded of this chart I saw of economists’ inflation CPI forecasts vs reality. It’s clear to me they are asleep at the wheel, blindly trusting central banks to control it down to the arbitrary 2% number...
Thank you so much for writing this post, it summarises well some of the thoughts I’ve had regarding monetary and fiscal policy, especially your analysis on effects on poorer countries. I’m reminded of this chart I saw of economists’ inflation CPI forecasts vs reality. It’s clear to me they are asleep at the wheel, blindly trusting central banks to control it down to the arbitrary 2% number...