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 . . . . . . . . .
Want to read more?
Subscribe to davidwoounbound.com to keep reading this exclusive post.