The Role of Policymakers in the Inflation Battle

The problems of the 70s are discussed almost entirely as a policy phenomenon, right? It was Arthur Burns taking his foot off the gas too fast or just sort of being, you know, wishy washy about the inflation battle. So I guess the question that spins out of that is there's clearly some room for agency within these larger sort of demographic and structural trends. And so we enter the exponential age. All these trends have been in place, but they're now about to hit adoption phase. We're only at 300 million people. The next time we poke our heads above the water it'll be four billion by 2020.