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3min chapter
Skanda Amarnath and Preston Mui on the Tribal Transitory Debate and the Future of the Fed’s Framework
Macro Musings with David Beckworth
The Importance of Mutual Understanding and Examining Trade-offs in the Inflation Debate
The chapter emphasizes the importance of engaging in productive debates based on mutual understanding and understanding the best version of your opponent's argument without resorting to straw man arguments. It discusses the challenge of talking past one another in the transitory vs. persistent inflation debate and questions the cost of achieving inflation targets through policies like mass unemployment.
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