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We're Not Going to Get Into a 70 Style Inflation Problem
Unlike the seventies and sixties, by the way, we are seeing an unwinding of a stimulus programme. That was very wrong, and we paid for it in the seventies. So we don't have the great society, guns and butter. I mean, a new version of it. We have what we have and we are letting the stimulus roll off. And i think senators mansion and cinema on the democratic side are a big reason this is happening. Senator mansion in particular, has linked the budget deficit to inflation. His constituents are very angry about food and energy prices. The other thing that's changing is housing. Almost every metrick is showing weakness. But if you're looking