Dario Perkins says monetarists were right to flag COVID-era inflation through money supply, but wrong to turn sharply bearish and call recession as money growth later contracted. The split underscores how contested inflation and rate signals remain.
published
Dario Perkins says monetarists were right to flag COVID-era inflation through money supply, but wrong to turn sharply bearish and call recession as money growth later contracted. The split underscores how contested inflation and rate signals remain.
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