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Rising prices and the Fed’s efforts to combat them have put the economy in a tight spot. A recession looms if the global economy doesn’t catch some breaks in the form of unclogging supply chains, extra production of oil and gas, or a deal to let Ukraine export more wheat.Like most problems, inflation is easier to solve in advance. The causes of today’s rising prices aren’t necessarily avoidable, but it is possible, even easy, to imagine the US economy being in a better position to deal with this pressure. When historians assess US economic policy in the 2010s, they’ll see a decade of missed opportunity.For example, if gas prices are the main pain point today, wouldn’t it be better if the US
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The US is paying for a wasted decade in economic policy
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Quartz The US is paying for a wasted decade in economic policy Rising prices and the Fed’s efforts to combat them have put the economy in a tight spot. A recession looms if the global economy doesn’t catch some breaks in the form of unclogging supply chains, extra production of oil and gas, or a deal to let Ukraine export more wheat.Like most problems, inflation is easier to solve in advance. The causes of today’s rising prices aren’t necessarily avoidable, but it is possible, even easy, to imagine the US economy being in a better position to deal with this pressure. When historians assess US economic policy in the 2010s, they’ll see a decade of missed opportunity.For example, if gas prices are the main pain point today, wouldn’t it be better if the US
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