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John Hall's avatar

I feel like the “immaculate” disinflation is something that a lot of reasonable people disagree about

Noah Smith's avatar

Exactly how it was achieved is very disputed:

https://www.noahpinion.blog/p/how-did-the-us-achieve-a-soft-landing

But the fact that inflation came down without a significant rise in unemployment is unambiguously true!

The rate hikes *did* burst a minor tech bubble. But the macroeconomic consequences of that were minor at most!

DougAz's avatar

superb education

William Markham's avatar

An antitrust lawyer, I worked with Professor Hall many years ago in one of my cases. He had a true gift for spotting and explaining difficult antitrust issues so that non-experts could readily understand his meaning. He made complicated concepts easier to understand. That is what a professor is supposed to do.

I recall that he gladly shared his knowledge and aimed to enlighten others by his discourse. He was also very affable and unassuming in manner.

I have not been in touch with him for many years, but I sent him a short note of congratulations this evening.