Joseph Stiglitz | Project Syndicate | February 7, 2022

Although it is anyone’s guess what will happen next with inflation, the data show that there is no reason to react rashly with large across-the-board interest-rate hikes. The economy is working through an unprecedented transition that could ultimately be a boon for workers; but only if policymakers let the process play out.

Originally published by Project Syndicate. Read the full article here.