-
Economists Are Dancing On Inflation’s Grave: Let’s Hope It Stays Dead
Since the coronavirus hit U.S. shores and forced a partial shutdown of the most powerful economy in the world, financial analysts and commentators have spent most their time debating one question: how much money can we pump into this economy? Not whether it's the right solution or what the ramifications could be, but how much can we get and how fast can we get it. Well we've got it: $2 trillion. Plus another couple trillion if you count Fed asset purchases. In an environment where the baseline assumption of what is the correct economic ideology is so skewed toward one end of the spectrum, asking whether this all may ... (full story)