‘Really bad economics’: Nobel laureate Joseph Stiglitz explains where the Fed went wrong on inflation
The Nobel Prize winner economist Joseph Stiglitz says “The Federal Reserve “didn’t do their homework” and mischaracterized the spike in inflation that has plagued the U.S. economy over the last two years” United States inflation started to gain pace in 2021 when the economy appeared after the COVID-19 pandemic. In 2020 it increased by 1.2% …