May 2, 2023·edited May 2, 2023Liked by Lachlan Holt
Clear, concise explanation of the colliding factors -- thank you.
I'm working on a piece arguing that Fed policy has a lot less to do with inflation than it does cronyism and imperialism. Interest rates and inflation have a poor statistical correlation, but the QE/QT/bailout strategy has very high correlations with making rich people richer, turning the financial sector into an oligopoly, and making the global economy more reliant on USD. Hopefully it'll be out 2024-2025 after it's completely irrelevant / common knowledge. I'm really good at writing stuff...
Thankyou blox, and I certainly agree with your sentiment. I plan on writing about the various causes of inflation and how interest rates/monetary policy is usually a very small factor.
I have no doubt they'll be some monetary 'wizardry' happening in 2024-25 to make it relevant again.
Clear, concise explanation of the colliding factors -- thank you.
I'm working on a piece arguing that Fed policy has a lot less to do with inflation than it does cronyism and imperialism. Interest rates and inflation have a poor statistical correlation, but the QE/QT/bailout strategy has very high correlations with making rich people richer, turning the financial sector into an oligopoly, and making the global economy more reliant on USD. Hopefully it'll be out 2024-2025 after it's completely irrelevant / common knowledge. I'm really good at writing stuff...
Thankyou blox, and I certainly agree with your sentiment. I plan on writing about the various causes of inflation and how interest rates/monetary policy is usually a very small factor.
I have no doubt they'll be some monetary 'wizardry' happening in 2024-25 to make it relevant again.