We're about to become a lot poorer and worse off. Govt demands you to just accept it.

Bank of England's Chief Economist tells Columbia University podcast that people need to accept that they're poorer and worse off, and to stop trying to do anything about it because they're getting in the way of central bankers attempting to fix a mess they can't seem to fix. While they're afraid of a wage-price spiral there's no evidence they should be afraid of, the costs of the past few years are coming due in a much worse way.

Eurodollar University's Money & Macro Analysis

Columbia Law School. Beyond Unprecedented Podcast. Inflation Not Dead Yet.
https://open.spotify.com/show/66ohew4dGvT1lrm0gi9WvP?go=1&sp_cid=dc9421ea4c288f0408f9061918b47d00&utm_source=embed_player_p&utm_medium=desktop&nd=1

Wage-Price Spirals: What is the Historical Evidence?
https://www.imf.org/en/Publications/WP/Issues/2022/11/11/Wage-Price-Spirals-What-is-the-Historical-Evidence-525073

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DISCLOSURES
Jeffrey Snider (The Promoter) is acting as a promoter for an investment advisory firm, Atlas Financial Advisors, Inc. (AFA). Jeffrey Snider is affiliated with AFA as a promoter only and is not in any way giving investment advice or recommendations on behalf of AFA. The Promoter is being compensated by a fee arrangement: The Promoter will receive compensation on a quarterly basis, based on the increase in account openings that can be reasonably attributed to the Promoter's activity. The Promoter will not be receiving a portion of any advisory fees. The Promoter has an incentive to recommend the Adviser because the Promoter is being compensated. The opinions expressed on this site and in these videos are those solely of Jeffrey Snider and Eurodollar University and do not represent those of AFA.