#429: Is The Inflation Problem Really Solved? with Luke Gromen
TFTC: A Bitcoin Podcast
00:00
The Fed's Reverse Course on Inflation
The real inflation story, which is I think that they actually don't have inflation under control. There's no difference at the base level between a $600 billion stimulus that the government sends to everybody and a $600billion increase in interest expense because the Fed rates rates. The only difference is really who the money goes to and the marginal propensity to consume of those that receive it. When is the Fed going to reverse course if they are? It does not seem like an ideal situation.
Transcript
Play full episode
