In yesterday’s post, the question was this: how bad do inflationary impulses have to get – even if they’re just transitory – to matter? The Fed is telling you they have to get pretty bad for it to react. And with US Treasury bond yields sat at 1.58%, the Treasury market is telling you the same thing.
Anwar Shaikh gives a talk at the Oxford Economics Society on his argument for a general theoretical and empirical alternative to both neoclassical and post-Keynesian economics.
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