3 ms·
Yeah, I'm not so sure the Great Asset Bubble (1982-2022) was any better. Keeping inflation low keeps long rates low which keeps money cheap which blows up asse
by lamontcg 4y ago
Yeah, I'm not so sure the Great Asset Bubble (1982-2022) was any better.
Keeping inflation low keeps long rates low which keeps money cheap which blows up asset bubbles.
We probably need closer to a 5% inflation target than a 2% inflation target.
But very likely what will happen next is a massive recession and the Fed will once again cut rates to zero.