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by Kalium 1179 days ago
Something can be both a consequence and a cause. That's how feedback loops work, and inflation is distinctly prone to feedback loops.

Insisting that something is a consequence and therefore not a cause smells like politics being placed over rigor.

1 comments

The author has analyzed this elsewhere, for example: https://annpettifor.substack.com/p/grain-inflation-starve-th...