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Our 300th Episode Mailbag Special, Plus the 'Godfather of Fundamental Indexing' Rob Arnott
Stansberry Investor Hour
Why the Fed Is Always Trying to Engineer the Optimum Level of Inflation
The century from the end of the Napoleonic Wars to the beginning of World War I was a century of deflation largely during that time. So why do we accept that they must go up instead? We accept it because we live in a fiat currency world. That's why we accept it. And this idea that the Fed is always trying to engineer the optimum level of inflation is bogus. They can't do it. They've never done it. They'll only cause more problems by trying to do it. It should not be feared. It should be normal. The cost of things should come down over time, and humanity becomes wealthier,. Do as you correctly point out, to advances in things
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