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The Impact of Inflation on Debt Levels
In the US we just recorded a 30 year high on inflation yearly CPI increase of 6.2% let's talk you alluded to the 1970s the way that the Federal Reserve stopped inflation in its tracks was extremely tight monetary policy. Jacking interest rates up to very very high levels. On the one hand inflation itself is good for debtors because what they owe is being debased away but on the other hand the monetary authorities are making their lives much harder and then my follow-up question would be Bill what if we're not headed for the 1970s? I'm going to pick to that already. Right up there with why are you looking for your keys under the light? That's not