A Drinking Man’s Guide to Monetary Policy

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A Drinking Man’s Guide to Monetary Policy

“Just like drinking, expansionary monetary policy can provide a temporary (or transitory) high at first (faster real output growth and reduced unemployment). However, the ill effects come later (in an inflation “hangover”).” ~ Gary M. Galles

Source: https://www.aier.org/article/a-drinking-mans-guide-to-monetary-policy/

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