mishtalk.com / Mike “Mish” Shedlock / November 2, 2016
Barry Ritholtz at the Big Picture Blog asks “Why Has Inflation Remained Low for So Long?”
Ritholtz’s article is a guest post by author Robert G. King titled “Inflation in the Great Recession and Gradual Recovery: Surprises and Puzzles“.
Neither Ritholtz nor King ever answers the question. Instead, King presents mathematical gibberish regarding the Phillips curve coupled with visions of inflation dynamics, a new Keynesian model, and a long-term expectations model.
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