Vox Jón Steinsson Vox Jón Steinsson

Don’t worry about inflation

Financial history doesn’t repeat itself, but it tends to rhyme.

In 2008, the kinds of excessive risk-taking and speculation on Wall Street that had sparked the Great Depression in 1929 contributed to another massive global downturn.

Now some economists are voicing concern that 2021 could see a rerun of another economic calamity: the Great Inflation of the 1970s.

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