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4min chapter
The Economics of the Beatles vs. the Rolling Stones
Ones and Tooze
Are Price Controls Necessary?
Adam Sobel: How much of our current inflation experience is being driven by the narrative nationally about inflation? He says, in other words, how much inflation is due not to actual cost increases, but instead due to companies raising prices to get ahead of inspected inflation. Sobel: The fed still in its heart of art, and really it's quite difficult to look at the numbers and disagree with this. Believes that inflation will calm down next year anyway.
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