@VinnyLingham @GeorgeSelgin It definitely has to slow the economy. There is no free lunch here. How much is the big question. Slowing to a significant period of slow growth is a lot less painful than slowing to contraction, but neither is particularly pleasant.
@VinnyLingham@GeorgeSelgin它肯定会让经济放缓。这里没有免费的午餐。这个大问题是多少。放缓到显著的缓慢增长期要比放缓到收缩期痛苦得多，但两者都不是特别令人愉快的。