Mysteries

I'm not pretending to have a supercomputer model of the economy like most economists do (pretend to, not have one), but I have no idea how spiking mortage rates are supposed to lower inflation when housing/rental costs are a big part of measured price increases.

Or everything else that is obviously about supply constraints.

Even when Larry is wrong, he is right! Really his entire career summed up in a tweet.

lots of economists predicted high growth/moderate-high inflation for late 2021/2022 but Larry Summers gave three guesses equal weight and got them all wrong https://t.co/3JyTMOhsb1

— Matt (@tiredgenerally) March 29, 2022