The Inflation Premium Melts Away Like the Morning Mist

Aour team is committed to bringing you voices within this crisis. And there is none on policy and economics more competent in this world than michael spence. Professor spence, thank you so much for joining us this morning. I want to go to another time and place in your ute when you were studying with john hicks long ago. William grider's classic the atlantic essay on a very young boy was written in 19 81. David stockman, the whole thing is premised on faith. The inflation premium melts away like the morning mist. A great battle over the conventional theories of economic performance.