What's the Future of the Fed?

I just think this whole concept of, we we toss around the idea of financial repression, but we really think about what it's going to look like. And one of the things i like about yours is that you talk about what it looked like in the forties and the fifties. The biggest thing they did was they simply held short end rates low, a near zero,. Inflation averaged six % roughly throughout the ten years of the 19 forties and into the early f50s. Ah, and so you had persistent negative real yields a it actually spiked as high as 19 % year of a year.