Price Controls Are Not Solving the Inflation Problem

The Fed is stuck and I think the more we head into recession and the 10 year stays sticky, long-term inflation expectations start to rise this could accelerate ironically into what is now the beginning likely of a recession so to counterintuitive but I think you know steepener trades could be big home runs this year in a way people are entirely not expecting. And then too kind of a kin to what Dave was talking about price controls could really and that's price controls are hidden fiscal stimulus ultimately exacerbate longer term inflation. History tells us that politically when there's you're between a rock and a hard place politicians will have to do things that are unthinkable.

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