I’ve heard excellent arguments for the Fed wanting inflation and getting it(Luke Gromen, other Bitcoiners), for the Fed continuing to print, but seeing inflation chill out(Cathie and her velocity of money, Jeff Booth and his deflationary tech argument).
But I haven’t seen anyone make an intelligent case (that doesn’t end in collapse or worse printing than we started with) for a Volcker style tightening and recession that a lot of people seem to call for. I’d like to see an steel man argument for that that takes into account national, corporate, and personal debt. Anyone seen one?
Submitted November 22, 2021 at 08:11AM by Eislemike https://ift.tt/3cy8Q3Q
