Rogue Central Banking In Several Lessons, Part 2

Once the inflation genie was out of the bottle with the CPI clocking in at 6.0% by the fall of 1970, the Fed struggled for more than a decade to put it back. Consequently, any focus on stimulating growth, jobs, housing and investment was infrequent and definitely secondary to inflation-fighting. We amplify the 1970s flood […]
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