On other hand, the economy often adjusts in ways that are not very fluid or instantaneous–eg prices are sticky downwards, etc. The mechanisms (eg Fed cracking down) just seem differentially sticky and clanky in an inegalitarian fashion –not so quick or effective at the top.
— Mickey Kaus (@kausmickey)
Feb 13, 2022
from Twitter https://twitter.com/kausmickey
February 13, 2022 at 11:10AM
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