
#004 Former Assistant Treasury Secretary Gerry Parsky on Lessons from the 70s and Parallels to Now
The Julia La Roche Show
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The Future of Inflation
Inflation in the 70s was greater than what you just described exists today, significantly greater. Interest rates had to move up to 15 to 20 percent on the natural. I'm hopeful that this proposed next bill that would create another trillion or more of spending won't pass. My view is history can teach us something if we don't repeat the mistakes.
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