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High inflation was coming anyway due to the baby boomer cohort retiring. Then the governments of the world pulled ten trillion dollars out of thin air. Anybody
by causality0 4y ago
High inflation was coming anyway due to the baby boomer cohort retiring. Then the governments of the world pulled ten trillion dollars out of thin air. Anybody with a business degree who didn't see crazy high inflation coming out of that should've had it revoked.
- hnfong 4y ago> Anybody with a business degree who didn't see crazy high inflation coming out of that should've had it revoked. Jay Powell had a degree in politics and law. So, yeah.
- jjeaff 4y agoPowell completed his JD in 1979 but then started working in investment banking by '84 and stayed in various finance jobs including under-secretary of finance from then to now. So he has the relevant experience. I doubt a business degree rather than a JD from the seventies would make any difference today.