The only interesting part was that a way to control inflation is to control expectations of inflation.
This ends up with a feedback loop that alters our measure, and to me a perennial question of how do you accurately measure something that knows it's being measured?
No upvote though. I would have rather read it in a blog post.
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[ 3.8 ms ] story [ 10.2 ms ] threadThis ends up with a feedback loop that alters our measure, and to me a perennial question of how do you accurately measure something that knows it's being measured?
No upvote though. I would have rather read it in a blog post.