Tag: Paranoia

  • Inflation Paranoia and the Return of the New Consensus in Macroeconomics

    Economists have proposed two important theories to clarify the latest spike in costs. Progressives have attributed the rise in inflation to company greed and have advised worth controls in response. Different economists have turned again to the New Consensus in Macroeconomics that arose within the Seventies in response to steep inflation blamed on the big…