Inflation Paranoia Threatens Recovery
Inflation Paranoia Threatens Recovery
By Anis Chowdhury and Jomo Kwame SundaramSYDNEY and KUALA LUMPUR, Feb 1 2022 (USNewsRank)
Inflation hawks are winning the day. The latest ‘beggar thyself’ race to raise interest rates has begun. This ostensibly responds to the spectre of runaway inflation, supposedly retarding economic growth and progress, and thus threatening central bank ‘credibility’.Anis Chowdhury
Inflation fetish
The ‘one…
