4min chapter

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

Uncommon Knowledge

CHAPTER

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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