| Autor: |
Summers, Lawrence H., Garza, Alejandro De La, Popli, Nik, Shah, Simmone, Zorthian, Julia, Dickstein, The View Is Leslie |
| Předmět: |
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| Zdroj: |
Time International (South Pacific Edition); 3/28/2022, Vol. 199 Issue 11/12, p27-27, 1p, 1 Color Photograph |
| Abstrakt: |
The Federal Reserve, in ways reminiscent of the 1970s, proclaimed inflation was transitory and isolated to a few sectors even as labor shortages became unprecedentedly severe and pervasive. Worse, it advances ideas that in terms of inflation are counterproductive, like Buy America policies that mandate shifts from lower- to higher-cost suppliers. During the 1960s and '70s, it took a dozen years for a toxic cocktail of excessive fiscal stimulus, misguided monetary policy focused on symptoms rather than causes, and bad luck on the supply side to generate stagflation (a mix of high inflation and a stagnant economy) to develop. [Extracted from the article] |
| Databáze: |
Complementary Index |
| Externí odkaz: |
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