The Volcker recession of 1981-82 crushed inflation out of the economy, and presented economists with a new challenge: rather than high and rising inflation, their new dilemma was low and falling inflation.Building a New Economics is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
This Ain’t Your Daddy’s Inflation Part Three
This Ain’t Your Daddy’s Inflation Part Three
This Ain’t Your Daddy’s Inflation Part Three
The Volcker recession of 1981-82 crushed inflation out of the economy, and presented economists with a new challenge: rather than high and rising inflation, their new dilemma was low and falling inflation.Building a New Economics is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.