2min chapter

The Compound and Friends cover image

12 Things Everyone Got Wrong About Inflation

The Compound and Friends

CHAPTER

The Fed's Response to the Financial Crisis

The government response to the financial crisis was primarily monetary. President Trump passes the CARES Act 1 10% of GDP, biggest fiscal stimulus in history,. $2 trillion. In comes Joe Biden, another $900 billion. So what are we up to? About $4 trillion? And then everything else that's over the next 10 years, infrastructure, semiconductors, inflation reduction. These are all massive fiscal stimulus.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode