2min chapter

Very Serious with Josh Barro cover image

Jason Furman on the Inflation That Keeps Going and Going and Going

Very Serious with Josh Barro

CHAPTER

Is It So Bad to Have Four, Five, or Six Percent Inflation Indefinitely?

I don't see any alternative theory there of what you're supposed to do about the fact that inflation remains way above the target. I think Elizabeth Warren has been more or less speaking up for that paradigm. We, in some ways, we should just agree what the menu looks like and then argue over which item we want to order. But if we wanted 5 percent inflation forever, maybe we could keep the unemployment rate around where it is now.

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