On: Consumer prices rose 8.5% in March – highest since 1981

[onlyrealcuzzo]

> The hypothesis that Volker killed inflation has been discredited.

Highly subjective.

[bubbleRefuge → onlyrealcuzzo]

All econ is fairly subjective. Hence the "dismal" science label.

search for "Volker" http://bilbo.economicoutlook.net/blog/?p=7591

[bubbleRefuge → onlyrealcuzzo]

It may have even caused more inflation as 20% on treasuries adds lots of interest income to the economy on the demand side.

[jbay808 → bubbleRefuge]

Ah yes -- the Erdogan school of economics.