Paul Krugman on the Year of Inflation Infamy
Macro Musings with David Beckworth
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The Year of Infamy
A part of me his always wondered if we're just hard wired to think in terms of growth rates versus levels. There's been some inflation. And i just wonder, do we have a hard time processing levels es growth rates on this issue? Probably. I remember when gas was i factually shouldn't know. This tells you that i don't drive all that much,. But people remember gas prices that summer before last when they were really depressed because of the pendemic.
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