It is sad that even a Federal Official does not understand that microeconomic events like a spontaneous increase in markups (if such were even possible) do not cause inflation. Only Fed actions can cause inflation, deflation. And for a MSM person, who ought to have been chosen to understand economics, should have been fact-checking her.
It is sad that even a Federal Official does not understand that microeconomic events like a spontaneous increase in markups (if such were even possible) do not cause inflation. Only Fed actions can cause inflation, deflation. And for a MSM person, who ought to have been chosen to understand economics, should have been fact-checking her.