WSJ Oped- "Inflation is Everywhere"

Summary

This oped attempts to connect the behavior now with the behavior then. Then as now: it was policy errors, followed by boogeyman excuses, and then by denials.

Error:

• Then: Monetary policy errors, and unplanned Embargo, War deficits

• Now: Monetary and Fiscal policy errors, War deficits

Boogeymen:

• Then: Opec/ Iran did it

• Now: Covid/ Supply chain/ price g…