One of the major factors, as inflation takes hold, is the shared expectation in the business community of the need to keep rising prices to counter it. At some point you have to supply a shock to the system to bring that impulse under control, that is generally done via a recession.
Excellent
One of the major factors, as inflation takes hold, is the shared expectation in the business community of the need to keep rising prices to counter it. At some point you have to supply a shock to the system to bring that impulse under control, that is generally done via a recession.
Helpful, as usual.