Accounting for the Human Cost

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How should the United States be dealing with inflation? For many decades, economists have given a straightforward answer: the Federal Reserve Board should increase interest rates over time, and it should tell people, loudly and clearly, that it is going to do exactly that. As interest rates rise, individuals and businesses will have to pay […]

Original source: https://www.nybooks.com/articles/2022/11/24/tragic-science-how-economists-cause-harm-demartino/

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