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#876 The Truth Behind The Russia vs. Ukraine War w/ Peter Zeihan
The Pomp Podcast
Is There a Programatic Monetary Policy?
The idea of a programatic monetary policy is that people aren't sitting around waiting for the press conference of arthe gin to raise inchis rads 25, 50 basis points or not. And so if we think about pre going off the gold standard, it was essentially the world had to cater to the monetary policy. We basically broke from that and said, no, weiht, the monetary policy should cater to the world. That change essentially created the last 50 plus years of a economic a boom.
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