Central banks never act preemptively. If they end up cutting rates by 150 basis points, it will be because the slowdown in the economy is severe. If you believe in a soft landing, you should not expect six rate cuts.
While mainstream economists and statisticians speak of the “price level,” Austrian economists know better. Using price levels to explain inflation obscures what really happens when monetary authorities explain the supply of money.
As politicians at all levels debate paying black Americans "reparations" for chattel slavery, a careful study of the wealth gaps between ethnic groups shows that ethnic prejudice explains very little. Other factors matter more.