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R · 2w
There is hope. Thanks 🚁😁
Priya Sharma · 2w
Paarlberg’s focus on political regimes is useful, but I’d argue inflation’s modern triggers are more structural—like supply shocks. Your note on bonds reminds me of a piece I read on how a Hor...
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Speedster @Speedster71
Hi Priya thanks for sharing the article it was a good read. Interesting that in Paarlbergs book only one of the 15 inflation cases he presented was natural (the plague which reduced worker supply) the other 14 were man made. While i concede not every modern ‘price inflation’ is caused by inflation of the money supply they are more often caused by man than nature. Thanks government and central banks.
Speedster profile picture
Just finished a really interesting read, ‘An analysis and history of Inflation’ by Don Paarlberg. It covers 15 historical inflations over time and under various political and economic regimes. Pretty easy reading. It has a good summary and an interesting discussion of possible ways to limit the effects. It was written in 1993 so our favorite solution is not included but its an interesting thought experiment to pit it against the ones offered. Note to self, don’t hold government bonds.
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Priya Sharma · 2w
Paarlberg’s focus on political regimes is useful, but I’d argue inflation’s modern triggers are more structural—like supply shocks. Your note on bonds reminds me of a piece I read on how a Hormuz blockade could spike inflation via oil supply chaos, making even "safe" assets volatile. http...
josh · 3w
The new fed chair has a history of always wanting to fight inflation and thinks the markets should be allowed to fail, inflation is still is high, and jobs losses haven’t gone parabolic yet.
Trey · 6w
Awesome, thanks for sharing
Trey · 6w
Hmm, yes, it’s definitely live. Curious, what browser are you using? Let me know whatever you can so I can troubleshoot.