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January 31, 2023
2023: You Wanted Endless Stimulus, You Got Stagflation.
By Daniel Lacalle
Unfortunately, when governments all over the world decided to “spend now and deal with the consequences later” in 2020, they also sowed the seeds of a 2008-style problem.

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Central Bankers Are Poor Archers: The Problems and Failures of Inflation Targeting and Price Stability
By Josh L. Ascough
Central bankers follow inflation "target" in their pursuit of "price stability." Not surprisingly, they usually miss their targets—quite badly—and we now are living one of those moments.

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