The Recession That Didn’t Bark | GoodFellows: John Cochrane, Niall Ferguson, H. R. McMaster | Hoover Institution
GoodFellows: Conversations from the Hoover Institution
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The Victory Lap for Fiscal Theory
I want to take a little victory lap for fiscal theory. Because it tells us why we got inflation in the first place, the huge COVID blowouts. It also says inflation, that inflation goes away, largely on its own without aggressive Federal Reserve action. So I kind of seen easing of inflation, but quite possibly it gets stuck substantially above 2%. And then, we're not out of the fiscal we've talked about our fiscal problems.
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