The End of an Economic Illusion

Apr 15, 2022 John H. Cochrane

Coming after a year of high inflation, Russia’s war in Ukraine is forcing a reckoning for policymakers and commentators everywhere. New macroeconomic realities show that the days of mindless demand stimulus, guaranteed bailouts, and activist climate policies must now be put behind us.

https://www.project-syndicate.org/commentary/inflation-puts-end-to-demand-stimulus-bailouts-climate-activism-by-john-h-cochrane-2022-04?mc_cid=cb9678acff&mc_eid=4ddf8a88ec&barrier=accesspaylog