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Tuesday, February 17, 2026

Barry Ritholtz Asks “Why Has Inflation Remained Low for So Long?” Mish Asks “Is Inflation Low?”

Courtesy of Mish.

Barry Ritholtz at the Big Picture Blog asks “Why Has Inflation Remained Low for So Long?”

Ritholtz’s article is a guest post by author Robert G. King titled “Inflation in the Great Recession and Gradual Recovery: Surprises and Puzzles“.

Neither Ritholtz nor King ever answers the question. Instead, King presents mathematical gibberish regarding the Phillips curve coupled with visions of inflation dynamics, a new Keynesian model, and a long-term expectations model.

Inflation Dynamics

visions-of-inflation-dynamics

New Keynesian Model

new-keynesian-model

Long-Term Expectations


Continue reading here…

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