Naval: 恐慌导致了封锁。封锁导致财政刺激。刺激导致通货膨胀。通货膨胀导致货币紧缩。紧缩导致衰退。恐慌不是免费的——账单即将到期。

Posted on 2022-09-27

原推：Panic led to lockdowns. Lockdowns led to fiscal stimulus. Stimulus led to inflation. Inflation led to monetary tightening. Tightening leads to recession.