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Everyone Else Admits We Were Right About Inflation

It Could Happen Here

CHAPTER

The Influence of Neoclassical Economists

This chapter explores the control and accountability of neoclassical economists in the field of economics. It discusses the frustration of alternative ideas being dismissed by the mainstream, only to later gain traction. The chapter also highlights the shift in discourse regarding the impact of raising interest rates on inflation and the acceptance of the idea that rates have no discernible effect on prices.

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