Ah, but what about expected inflation you say (as any good macro student should), well here you go:
The picture is messed up, but I am too old and technologically incompetent to fix it. Sorry.
Ho ho!! Look at this old dog figuring out how to fix it. I converted it into a PDF and then back into a JPEG. That got the white background I needed. I know, Photoshop. But I don't have photoshop. What I have are my wits and they are fading fast...
2 comments:
nice photo. so true
- micro economics and market systems
It is baffling to me. I have believed that large scale monetary expansion leads to inflation. In fact, I still believe it, despite current contrary evidence. Is this simply a matter of lingering recessionary effects, lag effect, or ???
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