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Quack economics

  • David
  • Jul 23, 2021
  • 6 min read

Updated: Sep 15, 2021

Summary: The success of Keynesian activism over the past two decades was the result of a series of big negative demand shocks. COVID-19 is a negative supply shock. History says: over-easy policy + negative supply shock = stagflation . . . . . . . . .

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