Comment by jjav
7 hours ago
> Fed is trying to thread the needle between the two
Not really, inflating it away is the only possible choice.
7 hours ago
> Fed is trying to thread the needle between the two
Not really, inflating it away is the only possible choice.
Can’t inflate it away for the same reason we can’t stop climate change. We would have to stop the behavior that caused the problem in the first place, and we all know that’s not going to happen. Remember during Clinton’s presidency the government ran a surplus and started paying down the debt, and there were news articles worrying about the future disappearance of treasury bonds? The party of “fiscal responsibility” took care of that problem in no time at all.