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Economic Torture Incoming With David Stockman

Lead-Lag Live

00:00

Is There a Normal Economy?

I want to focus on the word normal for a moment, because it seems like nobody really knows what normal is anymore. The Fed printed more money in two years than the first 112 years of the Fed's existence. We inherited a debt when I became budget director of $1 trillion and that was considered a real challenge. All of this has flooded the system with so many novel forces and cross currents.

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