Posted by DigiNomad on 17th of Mar 2023 at 03:39 pm
Inflation is the only stick left left. At least now they
know that there are repercussions to insane fiscal and monetary
policy...at least the monetary side seems to be aware (the fiscal
side is lost).
Saw a forehead slapping interview with Yellen last night
where she refused to concede that deficit spending was a major
contributor to inflation. She already lost her credibility by
saying inflation was transitory, but she clearly didn't learn much
from the experience.
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Inflation is the only stick
QT didn't last long with the Fed Balance Sheet Growing ...
Posted by DigiNomad on 17th of Mar 2023 at 03:39 pm
Inflation is the only stick left left. At least now they know that there are repercussions to insane fiscal and monetary policy...at least the monetary side seems to be aware (the fiscal side is lost).
Saw a forehead slapping interview with Yellen last night where she refused to concede that deficit spending was a major contributor to inflation. She already lost her credibility by saying inflation was transitory, but she clearly didn't learn much from the experience.