“yes, there's a lot we don't know about macro but I don't really know any macro-economists who think that governments don't face budget constraints, that inflation is caused by companies suddenly colluding, or that price controls or anti-trust are a good way to fight inflation.
but if you're a loyal reader of the NYT, like me, you have been exposed to all these ideas multiple times in 2021, without NYT giving a forum to real experts to refute these half-baked ideas.”
It is time to listen to what economic science has to say on inflation and implement it regardless of what the cranks and the Squad have to say. And it is time to implement what epidemiological and medical science has to say on epidemiology and medicine regardless of what the cranks and the conservatives and the churches have to say. And the same thing with climate change.
Agreed but I do think we need to do better at anti trust. Just not because of inflation.
“yes, there's a lot we don't know about macro but I don't really know any macro-economists who think that governments don't face budget constraints, that inflation is caused by companies suddenly colluding, or that price controls or anti-trust are a good way to fight inflation.
but if you're a loyal reader of the NYT, like me, you have been exposed to all these ideas multiple times in 2021, without NYT giving a forum to real experts to refute these half-baked ideas.”
https://twitter.com/HannoLustig/status/1477930399548518400
HRM stating the obvious, so many insights, applause and top5 please
everyone knows that NYT is too far to the left (this predates trumpf)i wish economists "stated the obvious" more, given that most self-proclaimed macroeconomists spew such inanities
Why respond to NYT trolling
It wouldn't even be an issue at ft or WSJ
can someone explain why market concentration doesn't further the issues of inflation? I can understand that it doesn't CAUSE inflation. But doesn't it make it worse? Basic econ 101, markups are higher and that's exacerbated due to inflation
it's not inflation if it increases the capital share, it's a Kaldor fact, look it up
can someone explain why market concentration doesn't further the issues of inflation? I can understand that it doesn't CAUSE inflation. But doesn't it make it worse? Basic econ 101, markups are higher and that's exacerbated due to inflation
Huh? Inflation is about the change in prices.