Reuters published a story on a meeting between European central bankers this week, held somewhere in Finland in a remote village above the arctic circle (suitably far removed from democratic scrutiny, but that is a point for later.)
In it, two dozen slides were supposedly shown detailing how large corporate profits made up the bulk of inflation over the past year, a departure from the official story until now of a mismatch between demand and supply—or as classical monetary theory woul...
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