The danger of too low inflation

Prior to Covid the neutral interest rate had continued its long decline
Prior to Covid the neutral interest rate had continued its long decline
Failure to perceive that the dollar, or any other unit of money, expands or shrinks in value
The conquest of inflation was a landmark accomplishment with enduring benefits, but it came with heavy costs. After a brief recession in 1980 and a short rebound, the economy slumped deeply in 1981 and 1982
We do not have, never have had, and never will have an opinion about where the stock market, interest rates, or business activity will be in a year from now
Here were financial people who could seriously consider that stocks are less safe because they have declined in price than they were after they had advanced in price
Sensible professionals wondered if they should take up hunting and fishing
Going parabolic and other lies
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