Abstract

GALBRAITH, James K.. Mainstream economics’ Medieval inflation medicine. El trimestre econ [online]. 2024, vol.91, n.362, pp.409-414.  Epub June 21, 2024. ISSN 2448-718X.  https://doi.org/10.20430/ete.v91i362.2326.

Considering that the U. S. inflation rate peaked in June 2022, there is no evidence that monetary policy had any significant effect on the direction taken by prices. Yet, like premodern physicians committed to the ancient humoral theory of disease, mainstream economists today have shown that they lack the tools to cure the patient.

Keywords : Inflation; United States; mainstream economics; E31; G17; G20; G28.

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