"J. Bradford DeLong worries that the central bank is keeping monetary policy too restrictive for the macroeconomic situation."

"Barry Eichengreen says that Bidenomics may be working – inflation is easing and employment is growing – but the messaging is not."

"Isabella M. Weber urges policymakers to match their improved understanding of the problem with more appropriate policies."

"Gene Frieda warns monetary policymakers that targeting higher price levels could lead to weaker economies."

>"Eswar Prasad warns that inflation woes and banking failures are likely to impede global growth beyond this year."

>"New Zealand’s reserve bank says spending levels still need to be reduced with rate rises, in order to _...Read More_

This is heartbreaking. Inflation really kills people living off of savings. They can't hope for an increased salary to make up for rising prices. Changes to social security benefits will help a little, but with housing prices rising faster _...Read More_

"Many investors have taken the view that inflation will be “transitory”. But with both UK and US figures higher than expected, it might be time to reconsider, says John Stepek, The "reflation" trade could be back on."

>"The pay increases are giving Democrats a bragging point. But it comes with risks: Gains could fade, or spark quicker price inflation."

Fed policy has crossed the fiscal-monetary Rubicon. Our central bank is conducting fiscal policy masquerading as monetary policy.

"The more important lesson that still has not been absorbed is that in a deeply depressed economy, government borrowing and spending boosts the country’s short- and long-run prosperity, and thus expands fiscal capacity by more than it _...Read More_

"The new conventional wisdom in these unconventional times is that advanced-economy governments can take advantage of today's ultra-low interest rates to borrow and spend without limit in order to support the economy. But the fact is that _...Read More_

𝖦𝗅𝗈𝖻𝖺𝗅 𝖬𝖺𝗋𝗄𝖾𝗍𝗌 𝖲𝗍𝖺𝖻𝗂𝗅𝗂𝗓𝖾

“[T]he basic principle of M.M.T. is seductively simple: governments don’t have to budget like households, worrying about debt, because, unlike households, they can simply print their own money. So M.M.T. proposes that the constraint on _...Read More_