Remember, Monetary Policy > Fiscal Policy. Always. And as such, with so many stupid, prior monetary (and in fact fiscal too) decisions, stagflation is coming.
There is not going to be a soft landing. It is going to be ugly. But the more we try to avoid it the worse it will end up being when it happens.
No comments:
Post a Comment
Disagreement is always welcome. Please remain civil. Vulgar or disrespectful comments towards anyone will be removed.