Herland Report: Coming after a year of high inflation, Russia’s war in Ukraine is forcing a reckoning for policymakers and commentators everywhere. New macroeconomic realities show that the days of mindless demand stimulus, guaranteed bailouts, and activist climate policies must now be put behind us. Inflation’s return marks a tipping point. Demand has hit the brick wall of supply. …
Read More »Russia’s war in Ukraine: The End of an Economic Illusion
