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Dropping Money From Helicopters: Economist John Cochrane On Inflation | Peter Robinson | Hoover Institution

Uncommon Knowledge

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The Financial Crisis of 2000, I'm Not Going Back Far Enough for You, John.

Before the financial crisis of 2008, Fed old debt stands at 64% of GDP. Today it's 120%. Inflation doesn't really appear until about 20, late 2020 or early 2021. Never in History has a country that financed big budget deficits with large amounts of central baked money, avoided inflation. Yet the US has been printing money and in a reckless fashion for years.

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