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MI Rewind: How to Beat Inflation w/ Joe Brown
Millennial Investing - The Investor’s Podcast Network
The Federal Reserve Can't Afford to Rake Rates Materially
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There's a lot of talk that the Federal Reserve can't afford to materially raise rates. It makes me look back to the 70s and early 80s where the 10-year treasury rose all the way to 15%. That would be if the average interest rate of government debt got up to like 4% or 5%, it would cost more to service that debt than the government brings in in taxes, he says. "We have no capability to fix this through austerity or raising interest rates"
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