From the @FT column by @martinwolf_, "What we must still learn about the great #inflation disaster: Past and present policymakers should ask more searching questions about the causes and impact of the price surge." #economy #markets #econtwitter pic.twitter.com/x1cDFX4cab

The @wsj is right on this: “Even if the Fed cuts, the days of ultralow rates are over.” Also, we are yet to deal fully with the consequences of the over-indebtedness and resource misallocations encouraged by the protracted period of ultra-loose monetary policy. #economy… pic.twitter.com/9USXW1q8om

US & euro area inflation are now similar--despite the fact that the U.S. economy has been growing much more strongly than the euro area. The U.S. was much higher, then it was Europe's turn, now both are down & roughly convergent (euro area a little higher, likely not for long). pic.twitter.com/ikvAZaIOey

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