The case for NGDP targeting

A better way to do monetary policy

(Photo by Jim Lo Scalzo - Pool/Getty Images)

The Ever Given has mercifully been freed from the clutches of the Suez Canal.

But back when the ship was stuck, I read a CNN article that briefly mentioned the idea that “a spike in prices could force the Federal Reserve to hike interest rates sooner than expected.”

When you think about it, this is a crazy idea…