Saturday, January 25, 2020

Concern about declining growth turns half a thought into a whole theory.

Something I want you to keep in mind, oh loyal reader, assuming you have one, and assuming I have one:

Everybody else on the friggin planet, when they mention "cost-push" they are talking about inflation. When I mention cost-push I'm talking about a cost problem that pushes prices up or economic growth down, or both.

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