13min chapter

Many Happy Returns cover image

Soft Landings Are Hard: How Has the US Economy Achieved the Impossible?

Many Happy Returns

CHAPTER

Theories on US economy's inflation spike

The chapter explores different theories proposed by economists on the spike in inflation in the US economy. It discusses theories such as market fixing supply problems on its own and excessive money printing and government stimulus causing inflation, while also analyzing the implications of giving people money and the Federal Reserve's response to COVID.

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