If all you have is a hammer, it's said, everything looks like a nail. And inflation, it's also said, is strictly a monetary phenomenon. Both these cliches are just silly right now. Our inflation problem is a PRODUCTION problem. And we have far more than a hammer - more than the Fed - to address it.
If all you have is a hammer, it's said, everything looks like a nail. And inflation, it's also said, is strictly a monetary phenomenon. Both these cliches are just silly right now. Our inflation problem is a PRODUCTION problem. And we have far more than a hammer - more than the Fed - to address it.
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