What About Gradualism?

Back in the early 1980s, the Fed tried to gradually squeeze high inflation out of the economy, so as to avoid a bout of high unemployment. They failed. But it was not a failure to control inflation; it was a failure to bring inflation down gradually. Inflation fell much faster than almost anyone…#ngdp #tylercowen #zimbabwe #rgdp #jaypowells #volcker #alextabarrok #cowen #jwmason #mason
Source: Reuters: Health - Category: Consumer Health News Source Type: news