.@JohnHCochrane who has been right all along about inflation, in the @WSJ: monetary policy is not enough; to fight inflation we need sustainable fiscal policy and economic reform as well, like NZ, Israel or Canada in the 90s.
https://www.wsj.com/articles/the-federal-reserve-cant-cure-inflation-alone-recession-interest-rates-unemployment-credit-spending-costs-11656344123

🐦🔗: https://nitter.eu/lugaricano/status/1550770875292606465