Inflation?
Soaring debt and deficits causing worry about threats to the economy and markets
cnbc.com
Do we think the Fed will abandon its responsibility to control inflation and resort to total monetization of U.S. debt? No. But in the attempt to get mild inflation, it is possible the controlled fire they hope to kindle could get out of control, forcing them to act to take back the excess reserves and bring about a recession, as did Volcker. Let’s
... See moreJonathan Tepper • Endgame: The End of the Debt SuperCycle and How It Changes Everything
It is inconvenient to the narrative then that the effect of a depreciating currency, in addition to the import tariffs and oil price spikes, all happened after 1971. In reality, however, inflation was already biting by the end of the ‘60s, making the cited reasons for the Great Inflation merely events that exacerbated a problem that was already wel
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