AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Fed's Decision to Allow Deflation
Preston: The existing entire system resets no one on this panel or otherwise we would vote for that for any length of time the the Fed would be overtaken by the treasury and society would vote for for more. If it doesn't create higher inflation, all you're having to play is a credit collapse that expands around the world because everything has counterparty risk immediately including the grocery store with all the food on the shelves and every supply chain and everything else. Fosse: This system is going to try to flex back and forth and this is going to break over here because they're trying to manage an entire global economy through this function and it just breaks.