AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
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.