{"id":23708,"date":"2022-12-17T15:15:27","date_gmt":"2022-12-17T14:15:27","guid":{"rendered":"https:\/\/michelsanti.fr\/?p=23708"},"modified":"2022-12-17T15:15:27","modified_gmt":"2022-12-17T14:15:27","slug":"recession-better-than-inflation","status":"publish","type":"post","link":"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation","title":{"rendered":"Recession better than inflation ?"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" data-attachment-id=\"23704\" data-permalink=\"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation\/attachment\/bc-2\" data-orig-file=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/12\/BC.png?fit=1900%2C1130&amp;ssl=1\" data-orig-size=\"1900,1130\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"BC\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/12\/BC.png?fit=300%2C178&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/12\/BC.png?fit=1024%2C609&amp;ssl=1\" class=\"alignnone size-medium wp-image-23704\" src=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/12\/BC.png?resize=300%2C178&#038;ssl=1\" alt=\"\" width=\"300\" height=\"178\" srcset=\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/12\/BC.png?resize=300%2C178&amp;ssl=1 300w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/12\/BC.png?resize=1024%2C609&amp;ssl=1 1024w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/12\/BC.png?resize=768%2C457&amp;ssl=1 768w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/12\/BC.png?resize=1536%2C914&amp;ssl=1 1536w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/12\/BC.png?resize=1200%2C714&amp;ssl=1 1200w, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/12\/BC.png?w=1900&amp;ssl=1 1900w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>346 interest rate hikes have taken place to date around the world, an absolute record since the 1980s !<\/p>\n<p>The only weapon to counter inflation is for the key rate of a central bank to exceed the rate of inflation by around 150 basis points, knowing that this rate must be maintained at these levels long enough.<\/p>\n<p>&nbsp;<\/p>\n<p>Are central banks ready to do so? YES<\/p>\n<p>Will this cause a recession? YES<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; 346 interest rate hikes have taken place to date around the world, an absolute record since the 1980s ! The only weapon to counter inflation is for the key rate of a central bank to exceed the rate of inflation by around 150 basis points, knowing that this rate must be maintained at these&hellip;<\/p>\n","protected":false},"author":4,"featured_media":23704,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"give_campaign_id":0,"_crdt_document":"","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"mc4wp_mailchimp_campaign":[],"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpas_customize_per_network":false},"categories":[648941274,648941278],"tags":[],"class_list":["post-23708","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-inflation-en","category-interest-rates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Recession better than inflation ? - Michel Santi<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Recession better than inflation ? - Michel Santi\" \/>\n<meta property=\"og:description\" content=\"&nbsp; 346 interest rate hikes have taken place to date around the world, an absolute record since the 1980s ! The only weapon to counter inflation is for the key rate of a central bank to exceed the rate of inflation by around 150 basis points, knowing that this rate must be maintained at these&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation\" \/>\n<meta property=\"og:site_name\" content=\"Michel Santi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/michel.santi.economiste\" \/>\n<meta property=\"article:published_time\" content=\"2022-12-17T14:15:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/michelsanti.fr\/wp-content\/uploads\/2022\/12\/BC.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1900\" \/>\n\t<meta property=\"og:image:height\" content=\"1130\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Michel Santi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@michelsanti1\" \/>\n<meta name=\"twitter:site\" content=\"@michelsanti1\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Michel Santi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation#article\",\"isPartOf\":{\"@id\":\"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation\"},\"author\":{\"name\":\"Michel Santi\",\"@id\":\"https:\/\/michelsanti.fr\/#\/schema\/person\/ba61ae1376925b43e3d1ddbc1e3eb2a4\"},\"headline\":\"Recession better than inflation ?\",\"datePublished\":\"2022-12-17T14:15:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation\"},\"wordCount\":74,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/12\/BC.png?fit=1900%2C1130&ssl=1\",\"articleSection\":[\"Inflation\",\"Interest rates\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation\",\"url\":\"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation\",\"name\":\"Recession better than inflation ? - Michel Santi\",\"isPartOf\":{\"@id\":\"https:\/\/michelsanti.fr\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation#primaryimage\"},\"image\":{\"@id\":\"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/12\/BC.png?fit=1900%2C1130&ssl=1\",\"datePublished\":\"2022-12-17T14:15:27+00:00\",\"author\":{\"@id\":\"https:\/\/michelsanti.fr\/#\/schema\/person\/ba61ae1376925b43e3d1ddbc1e3eb2a4\"},\"breadcrumb\":{\"@id\":\"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/12\/BC.png?fit=1900%2C1130&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/12\/BC.png?fit=1900%2C1130&ssl=1\",\"width\":1900,\"height\":1130},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\/\/michelsanti.fr\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Recession better than inflation ?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/michelsanti.fr\/#website\",\"url\":\"https:\/\/michelsanti.fr\/\",\"name\":\"Michel Santi\",\"description\":\"\\\"It is not because things are difficult that we do not dare. It is because we do not dare that they seem difficult\\\", Seneca the Younger\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/michelsanti.fr\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/michelsanti.fr\/#\/schema\/person\/ba61ae1376925b43e3d1ddbc1e3eb2a4\",\"name\":\"Michel Santi\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/michelsanti.fr\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/e6bc76c70234e8753d2b85c3b3bd08397f8734d2cddafa2d9ab319e7163e44a1?s=96&d=identicon&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/e6bc76c70234e8753d2b85c3b3bd08397f8734d2cddafa2d9ab319e7163e44a1?s=96&d=identicon&r=g\",\"caption\":\"Michel Santi\"},\"sameAs\":[\"https:\/\/michelsanti.fr\/\"],\"url\":\"https:\/\/michelsanti.fr\/en\/author\/msanti17\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Recession better than inflation ? - Michel Santi","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation","og_locale":"en_US","og_type":"article","og_title":"Recession better than inflation ? - Michel Santi","og_description":"&nbsp; 346 interest rate hikes have taken place to date around the world, an absolute record since the 1980s ! The only weapon to counter inflation is for the key rate of a central bank to exceed the rate of inflation by around 150 basis points, knowing that this rate must be maintained at these&hellip;","og_url":"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation","og_site_name":"Michel Santi","article_publisher":"https:\/\/www.facebook.com\/michel.santi.economiste","article_published_time":"2022-12-17T14:15:27+00:00","og_image":[{"width":1900,"height":1130,"url":"https:\/\/michelsanti.fr\/wp-content\/uploads\/2022\/12\/BC.png","type":"image\/png"}],"author":"Michel Santi","twitter_card":"summary_large_image","twitter_creator":"@michelsanti1","twitter_site":"@michelsanti1","twitter_misc":{"Written by":"Michel Santi","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation#article","isPartOf":{"@id":"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation"},"author":{"name":"Michel Santi","@id":"https:\/\/michelsanti.fr\/#\/schema\/person\/ba61ae1376925b43e3d1ddbc1e3eb2a4"},"headline":"Recession better than inflation ?","datePublished":"2022-12-17T14:15:27+00:00","mainEntityOfPage":{"@id":"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation"},"wordCount":74,"commentCount":0,"image":{"@id":"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/12\/BC.png?fit=1900%2C1130&ssl=1","articleSection":["Inflation","Interest rates"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation#respond"]}]},{"@type":"WebPage","@id":"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation","url":"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation","name":"Recession better than inflation ? - Michel Santi","isPartOf":{"@id":"https:\/\/michelsanti.fr\/#website"},"primaryImageOfPage":{"@id":"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation#primaryimage"},"image":{"@id":"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/12\/BC.png?fit=1900%2C1130&ssl=1","datePublished":"2022-12-17T14:15:27+00:00","author":{"@id":"https:\/\/michelsanti.fr\/#\/schema\/person\/ba61ae1376925b43e3d1ddbc1e3eb2a4"},"breadcrumb":{"@id":"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation#primaryimage","url":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/12\/BC.png?fit=1900%2C1130&ssl=1","contentUrl":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/12\/BC.png?fit=1900%2C1130&ssl=1","width":1900,"height":1130},{"@type":"BreadcrumbList","@id":"https:\/\/michelsanti.fr\/en\/inflation-en\/recession-better-than-inflation#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/michelsanti.fr\/"},{"@type":"ListItem","position":2,"name":"Recession better than inflation ?"}]},{"@type":"WebSite","@id":"https:\/\/michelsanti.fr\/#website","url":"https:\/\/michelsanti.fr\/","name":"Michel Santi","description":"\"It is not because things are difficult that we do not dare. It is because we do not dare that they seem difficult\", Seneca the Younger","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/michelsanti.fr\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/michelsanti.fr\/#\/schema\/person\/ba61ae1376925b43e3d1ddbc1e3eb2a4","name":"Michel Santi","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/michelsanti.fr\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/e6bc76c70234e8753d2b85c3b3bd08397f8734d2cddafa2d9ab319e7163e44a1?s=96&d=identicon&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/e6bc76c70234e8753d2b85c3b3bd08397f8734d2cddafa2d9ab319e7163e44a1?s=96&d=identicon&r=g","caption":"Michel Santi"},"sameAs":["https:\/\/michelsanti.fr\/"],"url":"https:\/\/michelsanti.fr\/en\/author\/msanti17"}]}},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/12\/BC.png?fit=1900%2C1130&ssl=1","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pagvtB-6ao","jetpack_likes_enabled":true,"jetpack-related-posts":[{"id":22483,"url":"https:\/\/michelsanti.fr\/en\/turkish-lira\/turkey-autopsy-of-a-debacle","url_meta":{"origin":23708,"position":0},"title":"Turkey: autopsy of a debacle","author":"Michel Santi","date":"May 30, 2022","format":false,"excerpt":"\u00a0 This country got lost in grandiose real estate projects that have turned out to be barely profitable. Instead of progressing from its economy\u2019s developmental stage by prioritising and banking on the traditional path\u2013 which is also enticing for foreign investors \u2013, a path that is characterised by gradual industrialisation,\u2026","rel":"","context":"In &quot;Turkish hyperinflation&quot;","block_context":{"text":"Turkish hyperinflation","link":"https:\/\/michelsanti.fr\/en\/category\/turkish-hyperinflation"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/05\/turque-lirvre.jpg?fit=1200%2C801&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/05\/turque-lirvre.jpg?fit=1200%2C801&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/05\/turque-lirvre.jpg?fit=1200%2C801&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/05\/turque-lirvre.jpg?fit=1200%2C801&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2022\/05\/turque-lirvre.jpg?fit=1200%2C801&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":13687,"url":"https:\/\/michelsanti.fr\/en\/negative-rate\/economic-hibernation","url_meta":{"origin":23708,"position":1},"title":"Economic Hibernation","author":"Michel Santi","date":"February 25, 2016","format":false,"excerpt":"How have we lost our bearings? And why do the right and left \u2013 in all Western countries \u2013 appear to be applying the same economic policy, with only a few cosmetic nuances in difference? Where are the contentions of old that we used to have and which would pit\u2026","rel":"","context":"In &quot;Central Banks&quot;","block_context":{"text":"Central Banks","link":"https:\/\/michelsanti.fr\/en\/category\/central-banks"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20641,"url":"https:\/\/michelsanti.fr\/en\/central-banks\/the-most-important-job-in-the-world","url_meta":{"origin":23708,"position":2},"title":"The most important job in the world?","author":"Michel Santi","date":"September 17, 2020","format":false,"excerpt":"\u00a0 The most coveted job in the world is that of the central banker, who also arouses the hastiest of judgments, all over them like a rash, and sometimes even hate-filled. Vilified for exacerbating inequalities and dragged through the mud for maintaining zero interest rates, it\u2019s only fair that we\u2026","rel":"","context":"In &quot;Cash&quot;","block_context":{"text":"Cash","link":"https:\/\/michelsanti.fr\/en\/category\/cash-en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2020\/09\/P.-Volcker.jpg?fit=700%2C394&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2020\/09\/P.-Volcker.jpg?fit=700%2C394&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2020\/09\/P.-Volcker.jpg?fit=700%2C394&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2020\/09\/P.-Volcker.jpg?fit=700%2C394&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":13746,"url":"https:\/\/michelsanti.fr\/en\/interest-rates\/no-economic-recovery-without-political-courage","url_meta":{"origin":23708,"position":3},"title":"No economic recovery without political courage","author":"Michel Santi","date":"June 20, 2017","format":false,"excerpt":"Seven years of growth, and three rates rises in a few months. But the US economy is nevertheless at the dawning of a recession! In spite of the monetary policy which seems to be on its way to normalisation, interest rates will never be \u2013 when the next, imminent crisis\u2026","rel":"","context":"In &quot;growth&quot;","block_context":{"text":"growth","link":"https:\/\/michelsanti.fr\/en\/category\/growth"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":25962,"url":"https:\/\/michelsanti.fr\/en\/inflation-en\/inflation-what-inflation","url_meta":{"origin":23708,"position":4},"title":"Inflation? What inflation?","author":"Michel Santi","date":"April 8, 2024","format":false,"excerpt":"Inflation? What inflation? It was fundamentally influenced by supply-related factors: disruptions in the supply chain, energy, and food. Not by factors related to a surge in demand... precisely because our middle classes and our poor are forced to limit their standard of living due to inadequate policies, and a multitude\u2026","rel":"","context":"In &quot;Inflation&quot;","block_context":{"text":"Inflation","link":"https:\/\/michelsanti.fr\/en\/category\/inflation-en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/04\/deflation.jpg?fit=1200%2C884&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/04\/deflation.jpg?fit=1200%2C884&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/04\/deflation.jpg?fit=1200%2C884&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/04\/deflation.jpg?fit=1200%2C884&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2024\/04\/deflation.jpg?fit=1200%2C884&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":19396,"url":"https:\/\/michelsanti.fr\/en\/inflation-en\/a-major-challenge-of-our-time","url_meta":{"origin":23708,"position":5},"title":"A major challenge of our time","author":"Michel Santi","date":"April 21, 2019","format":false,"excerpt":"Where has inflation gone? While the US enjoys one of its longest periods of economic expansion, and while it is pretty much at full employment with its best figures for fifty years, inflation is nevertheless miniscule. Will it one day make its return to our developed nations of integrated economies?\u2026","rel":"","context":"In &quot;Inflation&quot;","block_context":{"text":"Inflation","link":"https:\/\/michelsanti.fr\/en\/category\/inflation-en"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/michelsanti.fr\/wp-content\/uploads\/2019\/04\/Inflation-.jpg?fit=469%2C377&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/23708","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/comments?post=23708"}],"version-history":[{"count":2,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/23708\/revisions"}],"predecessor-version":[{"id":23710,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/posts\/23708\/revisions\/23710"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/media\/23704"}],"wp:attachment":[{"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/media?parent=23708"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/categories?post=23708"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michelsanti.fr\/en\/wp-json\/wp\/v2\/tags?post=23708"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}