The Psychological Toll of Inflation | Vincent Deluard
Forward Guidance
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The Wealth Effect of Inflation
The purpose of saving is sort of, there's no purpose to it if you're in a truly hyper-inflationary environment. If the price of milk is going up 5% a month over a month, I wanna buy the milk now before it's 5% more expensive. So inequality isn't itself deflationary and you've been a stern critic of quantity easing for its causing wealth inequality. We are seeing wage gains, gains of the low end. The labor market, for the first time in decades has a shortage of low quality firework. What we need right now are people to bus tables, to drive trucks,. To clean the streets, pick up fruits, and we're not
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