I had a couple of pieces in (on?) The Nation, recently. The first is on inflation, which is real, not easy to solve, and a potential problem for a green agenda.  The standard remedy—raising interest rates and provoking a recession—would be disastrous in an economy still recovering from the Covid shock. But we can’t deny that huge deficit spending and an infusion of trillions of dollars conjured out of nothing has something to do with the problem. The deficit spending financed a remarkably generous, though too temporary, aid package. It boosted household… Read More