(must-read)
If CBs do react by increasing interest rates, one thing becomes clear: unlike in prev. 2 world wars, they will be passing on to #households and workers the burden and cost of #war, chart @monetaryblog https://medium.com/@monetarypolicyinstitute/war-inflation-and-austerity-or-here-we-go-again-8eba1d77a3d5
If CBs do react by increasing interest rates, one thing becomes clear: unlike in prev. 2 world wars, they will be passing on to #households and workers the burden and cost of #war, chart @monetaryblog https://medium.com/@monetarypolicyinstitute/war-inflation-and-austerity-or-here-we-go-again-8eba1d77a3d5
