3min chapter

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SUMMER SCHOOL 4: Inflation & Drinking Buddies

Planet Money

CHAPTER

The Economics of the World - Can You Promise?

In order to bring down inflation and o stubilize the price level, you need to intervene on the money printing. And changing the expectations is something that we don't really know how to do as an economist insense. But ironically, these four economiss were very good empirical psychologists at the same time as they were doing theright thing economically. So i'd love to kind of, like, do a little bit of a slow walk through what happened here.

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