“Then as now, what drove higher prices was excess demand owing to runaway government spending. Ronald Reagan and Paul Volcker understood”.
(Via @cultrun) https://www.wsj.com/articles/lessons-from-the-great-inflation-of-1973-81-volcker-reagan-guns-and-butter-bracket-creep-tax-revenue-spending-monetary-policy-11659448515?reflink=share_mobilewebshare
🐦🔗: https://nitter.eu/GirautaOficial/status/1555891985055203330