1min chapter

Ones and Tooze cover image

From the Archive: How Inflation Works

Ones and Tooze

CHAPTER

Inflation Is Persistent, Aren't They Contributing to the Problem?

How are we suposed to understand the parade of people who've been coming out in public, on t v, saying, this inflation really is persistent? I mean, by arguing that inflation is persistent, they're telling people to be worried. And you just give, i think, a lot of plausible reasons not to expect this continue to be a problem. So shall we see? This is a kind of attempt to work the refts. Is this trying to influence the fed, which needs to really decide what to do about all this? Ye, thatss a great phrase. It's like being like a bun bunch of belligerent players giving the refts a hard time, trying to

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