Upward speculative pressure on the dollar is NOT good news for EM. @GoldmanSachs @SoberLook https://t.co/5TAxaE1y6n
America’s WWII mobilization consisted of huge expansion of a relatively tiny gov sector enabled by doubling overall output, whilst compressing private inv and holding consumption.
There is a huge difference btw political economy of WWI and WWII in the US: WWI is story of productive stagnation and substantial inflation, WWII
Internet searches for hyperinflation and disinflation have surged over the past few months. thedailyshot.com/2021/06/16/ret… Chartbook Newsletter #22 discusses the political economy of price statistics in