#1205 Cullen Roche | The Disastrous 2023 US Economy Explained
The Pomp Podcast
00:00
The Problem With the Fed's 2% Inflation Target
There has not been a hyperinflation in a credit-based monetary system without one of those big problems occurring at the same time. It's usually a catastrophic loss of production for some reason, a war and government regime changes. And so when you get these very sort of seismic shifts in geopolitical events, you oftentimes get a very, very high rate of inflation.
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