Inflation, Debt, and The Fed (Part 1) with Scott Sumner and Lyn Alden
Village Global Podcast
00:00
The Great Depression, the Great Depression and the Great Recession
In the thirties and forties, you ran much, much larger fiscal deficits. And so that was translating into rapid increases in the money supply. But now we're getting this period where we're having a spike of growth but yet inflation is holding rates at zero. The bond market can send us conflicting signals, because again there's a large buyer of treasuries,. they're even a large buyers of those bonds.
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