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Top economist says most US inflation ‘could have been avoided’
submitted 1 year ago by [deleted] from nypost.com
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[–]Drewski 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - 1 year ago (0 children)
El-Erian said that most of the inflation “could have been avoided if early action had been taken” by the Fed
Inflation is caused by the Federal Reserve, not controlled by it. This could have been avoided if Andrew Jackson had permanently killed the Fed in 1832.
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[–]Drewski 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 0 fun3 insightful - 1 fun - (0 children)