This video is excellent. Long for Twitter years but well worth the time.
Dalio and Summers crystalize the inflation debate. Summers, the traditional economist, talks about demand-pull overheating, output gaps, and labor markets. At the same time, Dalio comments on monetary inflation, where the central government, the U.S. Treasury, cannot place all its bonds into the market without spiking interest rates and must rely on the Fed’s digital printing press to take down a significant portion of the new debt.
Both are happening as we speak, and both have been exhausted on the site with various posts. Summers even mentions short-term inflation running at plus 8 percent annually as we did recently.
Carol K. Continues Her Health Battle
Keep fighting, CK! The world is rooting for you.