Is the Fed Paying Attention?

I think ultimately inflation is the solution. Is the solution and it's a trade-off between generation and style with this issue of debt. We have run for four years on building more debt on top of more debt, solving it with low interest rate, higher asset prices. That has effectively been a transfer from the working, the poor and the young to the idle, the rich and the old. As you do that, you reduce your trend growth. The income that needs to support this expanding part of debt is shrinking and shrinking. When at first you just dropped interest rate,. But we reached a logical non-sek-with-the-war. We had 16th century negative year

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