The Trouble With Inflation

In 1980 or 1979, when we had our last huge inflationary spiral, interest rates on short-term government but treasure bills were over 21%. That's not a typo. Over 21%, because the situation was out of control and we had to do something. We did. It killed inflation, but it wasn't a lot of fun for a lot of people. I don't know how they have to go to kill inflation this time around. Nothing is at the world has never seen the debt and the spending and the money burning like in the last few years. So it's something that's going to have to be very, very ruinous to solve this problem this time. Watch the deep