Paul Krugman: Wonking out: I'm still on Team Transitory - NewsBreak
By Hardik in Business
Updated 3 years ago
Consumer prices have risen 4.4% over the past six months; that's an annualized inflation rate of almost 9%, which puts us almost back into 1970s territory. And there are plenty of people out there proclaiming the return of stagflation. But the people in a position to do something about it...