Bloomberg Wall Street Week: November 4, 2022
Wall Street Week
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The Real Cause of the Inflation Is Supply, Not Demand
Some economists say the real cause of inflation is more a matter of supply rather than demand. Larry Summers: I can't really see a lot of logic in the views that Mark Zandy and those like him are expressing. The people who talk about supply shocks, it's really just the last readout of Team Transcatory," he says.
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