{"id":14335,"date":"2024-07-28T16:34:48","date_gmt":"2024-07-28T16:34:48","guid":{"rendered":"https:\/\/lonecandle.com\/?p=14335"},"modified":"2024-07-28T16:34:49","modified_gmt":"2024-07-28T16:34:49","slug":"how-much-can-we-actually-control-inflation","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=14335","title":{"rendered":"How much can we actually control inflation?"},"content":{"rendered":"\n<p>&#8220;The Fed hiked interest rates around the same time that the supply chain got back up and running, which makes it hard to assign credit. But there\u2019s an even more fundamental issue here. \u201cAnything in macroeconomics is very hard to empirically test,\u201d says Vox senior correspondent Dylan Matthews. \u201cYou can\u2019t run experiments with the Fed.\u201d<\/p>\n\n\n\n<p>Ultimately, Matthews says that inflation \u2014 and our economy as a whole \u2014 is still so hard to understand because of the nature of money. \u201cMoney feels like this very hard thing, but money is also a psychological idea. Money is this idea that we can put numbers on what we owe to each other, even as we understand that these numbers are kind of made up.\u201d<\/p>\n\n\n\n<p>Inflation, in a sense, is a psychological phenomenon. \u201cSo understanding inflation, I think, is ultimately about understanding people and how they relate to each other. And that\u2019s the ultimate mystery.\u201d&#8221;<\/p>\n\n\n\n<p><a href=\"https:\/\/www.vox.com\/unexplainable\/356769\/inflation-pandemic-economy-federal-reserve-interest-rates\">https:\/\/www.vox.com\/unexplainable\/356769\/inflation-pandemic-economy-federal-reserve-interest-rates<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;The Fed hiked interest rates around the same time that the supply chain got back up and running, which makes it hard to assign credit. But there\u2019s an even more fundamental issue here. \u201cAnything in macroeconomics is very hard to empirically test,\u201d says Vox senior correspondent Dylan Matthews. \u201cYou can\u2019t run experiments with the Fed.\u201d<br \/>\nUltimately, Matthews says that inflation \u2014 and our economy as a whole \u2014 is still so hard to understand because of the nature of money. \u201cMoney feels like this very hard thing, but money is also a psychological idea. Money is this idea that we can put numbers on what we owe to each other, even as we understand that these numbers are kind of made up.\u201d<\/p>\n<p>Inflation, in a sense, is a psychological phenomenon. \u201cSo understanding inflation, I think, is ultimately about understanding people and how they relate to each other. And that\u2019s the ultimate mystery.\u201d&#8221;<\/p>\n<p>https:\/\/www.vox.com\/unexplainable\/356769\/inflation-pandemic-economy-federal-reserve-interest-rates<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[217,165,1316,1407],"class_list":["post-14335","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-economics","tag-economy","tag-inflation","tag-prices"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/14335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14335"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/14335\/revisions"}],"predecessor-version":[{"id":14336,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/14335\/revisions\/14336"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}