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Inflation the last two years was mainly about demand, not supply

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Inflation the last two years was mainly about demand, not supply

A new paper from the Roosevelt Institute makes a weak case for the supply-shock view.

Timothy B Lee
Jan 9
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Inflation the last two years was mainly about demand, not supply

www.fullstackeconomics.com

In recent months, inflation hawks have argued that inflation has been driven largely by excessive aggregate demand. This argument implies that Joe Biden’s March 2021 American Rescue Plan was too big,…

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