More recently. supply driven inflation has been enhanced by demand driven inflation. The Fed can act to neutralize that "enhancement". In any case, the rise in inflation and the "discomfort" it brings, was a small price to pay to avoid a "deadly" depression that would have otherwise occurred.
More recently. supply driven inflation has been enhanced by demand driven inflation. The Fed can act to neutralize that "enhancement". In any case, the rise in inflation and the "discomfort" it brings, was a small price to pay to avoid a "deadly" depression that would have otherwise occurred.
https://marcusnunes.substack.com/p/a-21st-century-us-monetary-story