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MacroVoices #294 Luke Gromen: The U.S. Government Cannot Afford Secular Inflation

Macro Voices

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When Does This Hit the Aha Moment?

When does everyone go, o god, because it's been true? When they go, oh god, it's not going to take years and years. It'll happen fast. Tries to tighten, it goes galactically wrong. Stocks go yields go up in the treasury market. And then we just inflate the dead away until gets to a level that they can normalize policy without blowing things up. That might be the aha moment where goverment goes, oh my God, they are. They're never getting out of this.

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