This episode covers what inspired the piece and my PhD thesis, why the heterodox schools have made these arguments for some time, and the mainstream has long acknowledged the sectoral dynamics without turning that acknowledgement into a critique of monetary policy. It covers why I opened with Friedman, why his appeal lies in its apparent simplicity, and…
The Steady State Audio Notes
The Sectoral Anatomy of Inflation
The Sectoral Anatomy of Inflation
Why a single instrument aimed at demand cannot reach multifaceted inflation dynamics
The Steady State Audio Notes
Companion commentary to each piece in The Steady State, a publication on prices, power, and the institutional design of modern economies. Author's notes on what inspired each piece, where the argument is going, and what didn't fit in the written form.
Companion commentary to each piece in The Steady State, a publication on prices, power, and the institutional design of modern economies. Author's notes on what inspired each piece, where the argument is going, and what didn't fit in the written form.Appears in episode
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