
The Causes And Effects Of Today's Inflation, With Raghuram Rajan
Capitalisn't
Is Higher Inflation Correlative With Higher Interest Rates?
I love the idea of it being a political phenomenon rather than a phenomena. But i want to push back on one aspect of this and then ask you to explain something a little bit more that i don't entirely understand. Pension funds are in crisis in part because they can't earn a good return on their n their bond holdings. A lot of retires to day, i think, live on unfixed income. Where where i might be going wrong here is that higher inflation may not necessarily be correlated with higher interest rates. Think about the fed as simply driver that follows direction given by different social pressures. There is no doubt that in the late 70 early eighties, there was a huge pressure
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