Thursday, April 13, 2023

Summers: Super Core inflation measure not decelerating

 

So now he’s going to tell the Biden people to keep increasing the rates… Summers wants to demonstrate that Monetarism works and re-establish Monetarisms dominance after 15 years of ZIRP which resulted in no Art Degree “inflation!” …. 

This over any other real economic or Democrat political objective... Democrat left AWOL on this except maybe Pocahontas…

iow if they think their "inflation" comes down but there is no commensurate recession after all of these extreme unprecendented rate increases then Summers will consider it a failure of policy …. not a failure of Monetarism…




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