Expectations Are Not a Signalling

We've gone through most of the post war, post war war to period with two assumptions. One is that inflation was something that happened a little bit and backed up with recessions. The other is that we've been carrying this buogy man on our back that somehow says at some point we could end up with hyper inflation. And yet, when you map out that entire period of time,. This is an exception, not something that is a natural state. So i i think, i agree with a guys like jeremy rudd, who wrote an incredible paper for the fed a couple of weeks ago, on expectationsThere's not as much to it as people think. People are looking