MacroVoices #348 Eric Peters: On The Road From Mean Reversion To Reflexivity
Macro Voices
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Is the Fed Unhappy With Inflation?
The natural destination for that journey is a place where actually the fragility lies in the government balance sheet. And so I think when we've talked about global supply chains and de-globalization and rising conflict, et cetera, those are drivers of inflation. The really big one is that there's a deliberate government policy to try to un-burden the sovereign balance sheet of all these debts by creating inflation. We've had a huge nominal increase in GDP so far this year with really anemic growth.
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