It’s Not Just Inflation, The Fed’s Lost Control | Round Up
Supply Shock
00:00
Is the Fed Jamming the Stick?
The Fed is basically jamming the stick because they want to see slack in the labor market and it's like, dude, it is happening. It's a little frightening. You can also make the argument even for inflation, you know, we're talking about forward looking indicators. Why aren't we taking data from Visa or MasterCard? I mean, these payment processes. How about the million prices project? A bunch of MIT engineers have a constant feed like in real time it monitors millions and millions of prices around the world in real time. And people say, oh, we won't use that. Why not? Why not? Because it might be more accurate and we don't want accurate
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