Tom Nash on Inflation

An interesting take on Inflation.

You Are Being Lied to About Inflation

You Are Being Lied to About Inflation. The core value of the Federal Reserve is that monetary policy should not respond to supply shocks, since Yielding to these pressures may do more harm than good. The FED is not here to fix price fluctuations caused by supply chain issues, since those are by definition temporary, the only situation in which the FED would be justified to intervene would be permanent price instability due to severe inflation. So the question is, what do we have here?

https://www.youtube.com/watch?v=AVadhWs6soU

The Captain

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the only situation in which the FED would be justified to intervene would be permanent price instability due to severe inflation. So the question is, what do we have here?

In March April 2020 we had an economic collapse. Surprise!

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