2min chapter

Animal Spirits Podcast cover image

The Round Trip (EP.259)

Animal Spirits Podcast

CHAPTER

Is It on the Block Chain?

If we have another 18 months of high inflation, well we look back on the rescue as being a mistake. I think personal savings is kind of a filler between what people spend and then what they earned. Bank of america account holders who had an average balance of one to two k before the pandemic had an average of four in april. The student loan thing keeps coming back up. They said they might cancel up to ten cave loans up to a certain amount of income. But i'm mistaking my theory, that cancelling ten k and credit car debt would have a much greater impact on the economy than cancelling 10 kane studen loans.

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