First published by Money Metals Exchange here: https://www.moneymetals.com/news/2023/10/06/inflationary-growth-is-fake-news-002838
<p><img src='https://www.moneymetals.com/uploads/content/inflationary-growth-is-fake-news-social.jpg'/></p>We live in an era of macroeconomic superstition. Much of what commentators think they know about monetary policy just ain’t so. A recent example is the purported link between economic growth and inflation. In a recent Wall Street Journal article, David Harrison warned that the Fed may continue “to fight inflation by slowing growth.” The Fed is trying for a soft landing, but economic vigor apparently clutters the runway.