Does he think we can keep interest rates super low forever and not have any consequences? Isn’t that the problem?
That is the problem, and the high interest rates in the early 80s brought it under control. But at that moment, we were the world’s biggest creditor nation. Now we are the worlds largest debtor nation... and that includes in all of human history.
So if rates are raised it kills us. If they are not, we are doomed.
There is only one way out of this debt and that is to repudiate it and roll out a new currency. Enter the central bank “digital dollar” and the great reset. The excuse of course will be Trump and covid, Russians, etc etc.
All of this is about that. There is no other way out.
The US had similar inflation because of Jimmy Carter. When Reagan took over, the fed hiked rates and killed the inflation. I prefer the lessons of history, not some egghead making a WAG.
>>Does he think we can keep interest rates super low forever and not have any consequences? Isn’t that the problem?<<
Monumental federal fiscal mismanagement.