3min chapter

The Great Antidote cover image

Thomas Hoenig on Inflation and the Federal Reserve

The Great Antidote

CHAPTER

Why We're Only Getting Inflation Now?

The has had this policy of easy money for so long, and when the fed for the past decade or so was saying that they were having a hard time getting enough inflation into the economy. Can you explain why we're only getting inflation now? Well, higher rates of inflation is very serious. So wen the money was coming in the economy a now the first wall, we had more we had a global economy. There was new labor coming into the market. But over that period, we had inflation. We had house price inflation from 20 12 to 20 20. That was double diget in many cases. And what you're doing is your leveraging up the economy through these financial assets and

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