Are Bonds Competition For Stocks (EP.297)
Animal Spirits Podcast
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Is That a Good Trade-Off?
We had 2% inflation in the 2010s and no one was happy. What's wrong with 3 to 4%? I know they probably say, well, we can't say that because that ruins our reputation. But all this stuff that people complain about in the2010s we have now. We're not complaining about 0% rates from the Fed anymore. Wage growth, especially at the lower end, is higher. Yes, we have inflation, that's the trade-off. If we just say, okay, fine, 3% or 4% instead of 2%, isn't that a good trade-off? Yeah, but I do think that there's a metagame going on where
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