Better Economics
A censored website accused of political incorrectness
Sunday, August 20, 2017
Not a new reality
Fed Confronts New Reality: Low Inflation and Low Unemployment - NYTimes
Fed bankers have looked at multiple decades of disinflation in the following chart:
Notice the line goes down as we move left to right?
This is not a new reality, this is unamortized swamp debt creating deflation over time.
Central bankers never had it right from the beginning.
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