The Fed's Arms Are Going to Be Tied Here

In the forties and fifties, the fed did keep interest trades very low. In real terms, bondholders lost 60 % ofa of their net worth through the forties, fifties and sixties. And in the seventies, what shifted, why it got nasty, was that energy prices went through the roof. So we're entering into an angi crisis. You know, energy prices are going to spike up, then the inflation story gets a whole lot nastier, a whole lot quicker. It gets nasty, perhaps not on the policy front, but on the polit front, where, you know, you start to see populace be elected. I think i