2min chapter

The Compound and Friends cover image

12 Things Everyone Got Wrong About Inflation

The Compound and Friends

CHAPTER

The Transitory Inflation Model

We're still going to have more fiscal stimulus, just nothing like we saw during the CARES Act one, two, and three. That was a key driver of high prices. And I've talked about this from the perspective of people who are investing. They don't have the patience to let their money compound for them. The past has the rosy tinge of nostalgia. It has a warm glow with a lot of misperceived memories. The future is just lots of expectations and wishful thinking.

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