Despite all the predictions of doom, the American economy has achieved a macro miracle. Inflation has been tamed without the insidious side-effects of higher unemployment or a recession.

But how has the Fed pulled off a soft landing, and can we hope for the same in the UK?

And in today’s Dumb Question of the Week: Why do economists always get it wrong?

Selected links

How did the US achieve a soft landing? - by Noah Smith

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Soft Landings Are Hard: How Has the US Economy Achieved the Impossible?

Many Happy Returns

Soft Landings Are Hard: How Has the US Economy Achieved the Impossible?