
The coming interest rate crusade against inflation?
The David McWilliams Podcast
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How Do We Know the Difference Between Tempory and Permanent?
The last time we were here was in the early 19 eighties. The federal reserve, at that stage, under a guy called paul wacker, was actually not only the most tarda central banker in the world,. But he raised intrustrates after peak jaunt to 22%. Can't get their head around this. America had 22 % in living memory. Now what that did was it precipitated a massive mass of recession because anybody who was borrowed at any level went bust. An american goes into a tale spin. How do we know the difference between tempory? Because we've been talking about temporary now for a while. Why? Where's that line? No,
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