Inflation Nation
The Young Turks
00:00
The Inflation Thing Is So Real That Everyone Acknowles It
Inflation is so real that everybody acknowledges it. In joe mansion, larry somers has worried about it openly. He says the fed should signal that the primary risk is a overheating and acceleratea tapering of its asset purchases. Given the house price boom, he writes a mortgage related purchases should stop immediately because of inflation. Real interest rates are lower as money is easier than a year ago. The focus is on monetery policy. But you have cable news pundets and anchors taking his words and twisting them to apply to social spending by the biden administration. They took that state n and twisted it to say, i'll build back betterso what's going to destroy?
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