this graph would support your point better :)pic.twitter.com/BsUoy2IEvm
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“The Neo-Fisherites wonder if low interest rates, which we usually think of as being inflationary, are actually deflationary!”
I am not endorsing this view, but pointing out that there’s apparently no way of knowing whether it’s right or wrong.
And if macro can’t sort *that* out, then … what good is it?
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