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Will the Debt Crush Powell’s Volker Dreams?

The Breakdown

00:00

What Can You Do?

Powell can hike rates just enough to appear tough on inflation without causing a market crash, in tanking us tax revenues. The fed may then quietly accept at three to four % ongoing inflation rate and declare victory. But this time he will have to do it sooner, by late 20 23. It's just math, my friends. Math that is not in the fete or treasury's favor. Higher inflation they can stomach, especially as it helps pay off past debt with cheaper future dollars.

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